Credit Card Calculator

The Credit Card Calculator

optimizes and determines the best distribution of your credit card debt that will generate the greatest savings. By entering your credit card balances, rates and credit limits this calculator determines which credit card balances should be transferred and paid off. Always compare credit card from several card issuers for the one that's optimum for your use.

This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Credit Card Calculator

/Optimizer - Definitions
Credit cards -

Enter up to 5 credit card accounts, one on each line.
Balance - Your current balance on your credit card debt.
Interest rate - The annual percentage rate you pay on this credit card. The rate you enter is used to calculate the interest on all future payments for the credit card. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only fixed for short period of time.
Payment - This is your initial minimum monthly payment. You minimum monthly payment is calculated as 2% of your current outstanding credit card debt. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.
Credit limit - This is the total amount of credit you have on this credit card. The optimizer will not allow you to have credit card balances that are over your credit limit.



By optimizing your credit cards using our credit card calculator, you could save significant in interest over the period it takes to pay off credit card balances.


FINANCIAL CRISIS


The U.S. financial and credit crisis has led to the dramatic failures of such U.S. financial institutions as Lehman Bros, Bear Stearns, Merrill Lynch, AIG, Washington Mutual, and the government take over of Fannie Mae and Freddie Mac. Find out what caused this financial and credit crisis that may lead the country into a recession or worse.

This financial and credit crisis has caused a dramatic rise in bank failures in 2008. Since February 2007, total assets of all U.S. bank failures were a staggering $385.8 billion. Click here for a list of failed banks.



CalculatorPlus offers finance users free CD calculator, finance calculator, as well as many loan calculators that enable investors, homeowners and other finance users to make informed financial decisions. In addition, retirees can take advantage of the 401k retirement calculator (401k calculator).


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