The UK's Best APR Calculator.
How to Use an APR Calculator
To use an APR calculator you will need to enter the following:
- Your provider name (sometimes the terms are on their site)
- Your current balance
- Your minimum payment
- Whether you contribute more than your minimum (for payoff calculations)
We use this information to estimate your credit card’s current APR – building a clearer picture of your post-0% APR you are paying.
Simply enter the information into our APR calculator for an estimate of your credit card APR. Please remember that all calculations are estimates and are not considered legal or financial advice.
Credit Card APR Calculator
Using an APR Calculator
What is an APR Calculator?
An APR Calculator helps you work out your credit card APR after your interest / 0% interest-free period has expired. It uses simple logic such as your balance amount, your monthly payments and any contributions above your minimum payments to work out your current APR and potential payoff period.
Why Should You Calculate APR?
APR is one way that banks make money - they make money from people who continue to pay their credit card even after the interest free period expires. As a consumer you should always calculate your APR to see how much you are paying over and above what other credit card companies offer.
Is This APR Calculator Accurate?
Our APR calculator only uses your balance, monthly payments and any additional payments to calculate your APR, so whilst these are simple calculations, we may make mistakes and we advise you to check your bank terms and conditions to see what the exact APR conditions are.
Why Does the Bank Matter in APR Calculations?
Banks have different APR rates. We use logic to try and determine what banks are charging and how much APR you might be paying, this allows us to get closer to a more accurate figure to help calculate your APR.
What is APR, Anyway?
APR stands for annual percentage rate and it impacts your credit card payments negatively. Meaning, once your interest-free period has expired, you will be paying the bank this rate just to hold your outstanding balance. That's why balance transfers are so important and should always be top of mind for consumers.
What Are Some Useful APR Resources?
Some of the best and most trusted resources for debt and credit card issues in the UK are: Citizens Advice, Money Helper and UK Gov website. If you need help, reach out to them for further advice and support.
Do You Help with Credit Cards & APR?
No, we simply provide credit card calculators to help British consumers calculate estimated credit card payoff, APR & balance transfer information. We aim to make our calculators as accurate as possible but we do not guarantee our results are error-free so you should always do your own research and due diligence. All personal liability and responsibility is yours alone.
