Credit Card Discussion

How can I calculate the credit card interest I will pay on a purchase?

I never leave a balance on my credit card, so I’m not very familiar with how APR works. My APR is 13.99%. If I buy a $1400 laptop with my credit card and leave it on my credit card for one month (and then pay it off), how much interest will I have to pay that month?

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Tuesday, December 2nd, 2008 at 5:32 am. Posted in Credit Card Interest. Tags: Buy Laptop, Calculate Interest, Credit Card Interest. You can follow this web articles through the RSS 2.0 feed.

3 Responses to “How can I calculate the credit card interest I will pay on a purchase?”

1. pinkyismygirlfriendniluvhur on December 4th, 2008 at 2:41 am

   if you are SURE you will pay it off in a month

   then there is No interest usually

   unless they change the rules on you, you get a grace period of a month usually

2. epoulin on December 5th, 2008 at 8:17 pm

   Usually you only get charged interest immediately if you withdraw cash from your credit card. For regular purchases, you don’t pay interest during the first month.

3. gacho on December 8th, 2008 at 7:51 am

   for a month you do not pay interest……..actually that is the real advantage of using credit cards, you get money for a time for free!.

   Normally people do not have the discipline of paying before the free time is over. The bankers know that and that is the reason because the credit card are a big business for bankers.

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