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Calculators
  • A credit card calculator is a user-friendly instrument that makes the comparison of different credit cards more convenient. This is a very practical way to compare various offers easily, from home.


  • People do not need to run from institution to institution, listen to various “speeches” about seemingly more and more advantageous products.


  • One may ask why this service is such a novelty. The answer is simple. Due to advances in technology, and the so-called “web-technology” in particular, it has become possible to get access to all the needed credit-related details from various lenders and companies in a few seconds.
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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Calculators
How can a credit card calculator help the interested individuals? Such a tool assists customers to become well-informed about their current financial situation as well as about the best alternatives that are open for them in this complex market. It is quite difficult to choose the best offer that is the most appropriate for a person’s unique circumstances as there is a wide range of options. So this calculator will compare different companies’ offers based on the interests and other fees they charge as well as taking the profitability of the card into account. A card may have higher interests but lower total or annual fees than another one with slightly lower interests but high annual costs due to additional administrative charges. And the best option is usually hidden from the public.

This is the reason why such calculators are reliable. They tend to base their suggestions on a card’s annual percentage rate which is more relevant than looking merely at the interest rates. More than that, these tools help consumers with debt-problems. So one can see this way which the most appropriate solution to his or her problems is and whether debt consolidation would make sense in their case. If it is so, the calculator chooses the most appropriate card especially designed for consolidating one’s debts.

Finally, calculators also assist consumers by comparing the advantages offered by various lenders. For instance, there is a category of people whom a reward credit card should be preferred over a card with low interest rates. The reason for this is that consumers who make large purchases can benefit from the rewards offered by a special card, and there are more advantages coming from these rewards than by paying less as interest rate, but not getting any other benefits. Others, however, who only need a credit card for security reasons and who use these only a few times will be advised to opt for a low-interest card.

Moreover, for those who have debts this is an extraordinary possibility to find the best alternative to repay one’s financial dues. So if a person enters his or her card-balance, the interests and the monthly payment, he or she can see the exact period needed to repay their balance in full. One just needs to enter the previous details and push the “calculate” button. The period one will see refers to the situation when the person pays the very same amount each month and evidently, does not accumulate new debts.

The fantastic thing about these calculators, however, is that one can test and compare different situations, and get an individualized offer-list. For instance, one can check whether it would make sense to make an extra payment each month. It may come as a surprise to realize that this little extra amount would influence the payment term in a very positive way. After several recalculations, this tool will show consumers how much the optimal monthly payment is in one’s specific situation.

Credit card calculators are specially designed to help people in making card-related decisions. They assist consumers in telling them the exact duration of paying off one’s credit card bills in full. Moreover, they can tell exactly how much interest one is to pay in total in case of making only the minimum payment each month, or in case of making higher monthly payments. One just needs to enter the details (the balance, the interests and the minimum monthly payment) from his or her last credit card statement, push the “calculate” button, and the results will be calculated in the shortest time possible. After that, there is nothing easier than interpreting the results and choosing the best available option from this seemingly very complicated market.