does a credit card balance transfer interest rate (actual $CDN amount per month )calculator exist? (to carry a balance)

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Mar 21st, 2022 2:33 pm

Mar 21st, 2022 2:33 pm

does a credit card balance transfer interest rate (actual $CDN amount per month )calculator exist? (to carry a balance) thx

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4 replies

Mar 21st, 2022 3:28 pm

titaniumtux: Deal Expert; May 8, 2009; 15548 posts; 14099 upvotes; Going to the Moon

Mar 21st, 2022 3:28 pm

No. Make your own and add entries to your calendar as reminders.

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Mar 21st, 2022 5:01 pm

Mar 21st, 2022 5:01 pm

kocoman wrote: ↑ does a credit card balance transfer interest rate (actual $CDN amount per month )calculator exist? (to carry a balance) thx

BxR/365 is your daily interest charge, where B = balance, R=interest rate

Mar 21st, 2022 5:28 pm

Mar 21st, 2022 5:28 pm

ml88888888 wrote: ↑ BxR/365 is your daily interest charge, where B = balance, R=interest rate

is there an exmple or a online calculator that does it? thx

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Mar 21st, 2022 6:15 pm

Mar 21st, 2022 6:15 pm

kocoman wrote: ↑ is there an exmple or a online calculator that does it? thx

If the rate is 20%, your balance is $10000, then daily interest charge = 10000 x 0.20 / 365 = $5.48 per day.