Credit card APR / daily interest explainer
Turn an APR into daily and period interest on a revolving balance (educational).
See how APR turns into daily interest on a revolving balance. Simple educational model - not a statement calculator.
Interest estimate
$19.73for period
- Daily rate
- 0.0658%/day
- ~30-day interest
- $19.73
- ~365-day interest
- $240.00
Uses a simple APR/365 daily rate on a fixed balance. Real card statements compound, use average daily balance, and apply grace periods - educational only.
Educational estimates only. Not credit repair advice, not a guarantee of score changes or loan approval. Results vary; we are not a lender or law firm.