Credit Card Calculators

Listed on this page are Credit Card Finder’s own free calculator applications which have been developed for your benefit. At present, there are two calculators available:

• The Credit Card Interest Repayment Calculator:
• Used for measuring different methods of repaying your credit card balances. A good way to strategize your spending budgets and manage your credit.

• The Credit Card Balance Transfer Calculator:
• Used for measuring how much money you can save on your repayments by carrying out a balance transfer. An easy way to find out which balance transfer will work out best as a long term credit card repayment scheme for you.

• Both calculators are free for users and webmasters to share on the internet, provided credit is given back to Credit Card Finder.
  To share the Interest calculator, click here.
  To share the Balance Transfer calculator, click the ‘Share’ tab on the calculator.

-

The Credit Card Interest Repayment Calculator

- How do I use the calculator?

• Input your credit cards and/or loans into the respective slots at the top of the table. Enter the name of the card, its balance, the interest rate and the current (or average) minimum repayment necessary per month.
• Input the average amount of balance you will repay in the in the ‘Monthly Payment’ box.
• Choose the payment ‘Strategy’ from the drop-down box.
  ‘Highest Interest First’ calculates your repayments by choosing to pay those off with the highest interest rates first.
  ‘Lowest Balance First’ calculates your repayments by choosing to pay those off with the lowest balances first.
  ‘Order Entered in Table’ disregards any strategy and calculates by choosing to pay the credit cards from first to last as you have listed them.

At the bottom of the calculator, your results will be displayed. Try testing the amount of interest repaid by choosing different payment strategies. You can now download an excel spreadsheet for your own management, by clicking ‘Download Spreadsheet’ in the bottom right.

-

See Dave Ramsey’s article on Debt Snowballing about the affects of different credit card repayments, particularly only repaying your minimum repayment.

The Credit Card Balance Transfer Calculator

- How do I use the calculator?

• Input your credit card(s) balances (the amount you owe on each), and their current standard interest rate.
• Below, enter the introductory rate of the balance transfer card you are transferring to, along with the length of the balance transfer period, the card’s regular interest rate, and its annual fee. Press calculate.
• You’ll now be shown a graph with three different bars.
  The First bar shows how much you would repay on your regular credit card.
  The Second bar shows how much you would repay if you carried out the balance transfer (including the cost of the annual fee).
  The Third bar shows how much you’ve saved (Bar 1 minus Bar 2).

Click on ‘Find a Balance Transfer Card Now!’ below your results to be directed towards the best balance transfer offers in the Australian credit card market.
-

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
St George Vertigo	Editor’s Choice: Low Interest Low 11.49% p.a. interest rate and balance transfer rate, from one of Australia’s most respected banks.	11.49%	19.99%	2.99% for 6 months	$55	55
Citibank Platinum Visa Card	Editor’s Choice: Platinum Card A platinum credit card with a competitive low interest rate, 0% balance transfer offer, discounts and free travel insurance.	0% for 6 months (Normally 10.99%)	20.99%	0% for 6 months	$85	55
ANZ Low Rate MasterCard	Editor’s Choice: Balance Transfer A very popular card choice with a low rate, annual fee and attractive 0% balance transfer offer.	12.24%	20.24%	0% for 6 months	$58	55
BankWest Lite MasterCard	Low interest rate on purchases with interest free days.	9.99%	20.49%	1.99 p.a. for 12 months	$59	55
Citibank Silver Card	Features a free rewards program along with no point expiry.	19.99%	20.99%	2.9% p.a. for up to 12 months.	$69	55
Citibank BP MasterCard	5% off petrol at BP. 0.5% cashback for every other purchase made on the card.	19.89%	19.89%	2.90% p.a. for 12 months	$79	55
Commonwealth Bank Awards Card	Earn up to 50,000 points per year. Online security guarantee. Cash back and Frequent Flyer Awards system, including Bonus Partner Reward Offers.	18.99%	19.99%	4.99% p.a. for 9 months.	$59	55
ANZ Balance Visa Credit Card	One of the better reward program credit cards in Australia. You gain reward points for every dollar you pay off your balance. Also a modest annual fee and low purchase rate.	12.74%	19.99%	0% p.a. for 6 months	$79	55