Credit card interest calculator + MORE Apr 23rd

The “Big Five” Canadian banks offer credit cards and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Did you know that there are many other options?
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If you are looking to enhance your travels within Canada or globally, earn more points or miles on a variety of your travels, or perhaps get more value from your miles for redemptions – you can do that with Canadian Credit Cards that provide automatic loyalty program elite status! The perks from having elite status! […]
The post O Canada! Canadian credit cards that offer automatic elite status appeared first on Rewards Canada.

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Credit card interest calculatorIf you don’t pay off your credit card balance in full each month, your credit card provider will charge interest on what you owe, at an annual rate of 12% to 22%, depending on the card. Use our credit card interest calculator to figure out how much interest you’ll owe, and how long it will take you to repay the debt.

Fill out the balance and interest rate prompts, select how you want to calculate the debt interest (by monthly payment of number of months), and finally the time or payment prompts. The interest owed will automatically appear. For more info, keep reading below the calculator.

How to use the credit card interest calculator

Here’s what each part of the calculator means:

Current credit card balance: How much you currently owe on your credit card.

Interest rate: The annual percentage rate (APR) charged by your credit card, typically 12% to 20%.

Calculate your interest: You can calculate the amount of interest either by your monthly payment or by a number of months…

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We review the BMO VIPorter World Elite Mastercard, save 20% + earn 3X Stash Rewards points at the Fairways Hotel on the Mountain and 5 bonus D$ at the Pan Pacific Vancouver. Check out today’s points & miles updates here:
The post RWRDS Daily Update April 23: We review the BMO VIPorter World Elite Mastercard appeared first on Rewards Canada.

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