💳 Credit Card

Credit card interest is calculated daily and compounds. Understanding how it works can save you hundreds or thousands of dollars.

Grace Period: Pay 100% of your statement balance by the due date = no interest on purchases
Cash Advances: Interest starts immediately, no grace period applies
Quebec: Minimum payment is regulated at 5% of balance (minimum $10)

Current Balance ($)

Credit Limit ($)

Annual Interest Rate (%)

Cash Advance Rate (%)

Grace Period (days)

Province

Québec

From your profile

Use minimum payment only

Monthly Payment ($)

Monthly New Purchases ($)

Cash Advance Balance ($)

Projection Months

Paid full balance last month