Daily Balance Method Formula

Daily balance method formula

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Read a related article: How Credit Card Interest is Calculated

Read another related article: What Are The Benefits to Calculating Your Daily Interest Rate?

Enter both your Balance and APR (%) numbers below and it will auto-calculate your daily, monthly, and annual interest rate.

Fixed Balance$
APR (%) 
Monthly Payment$
Months until Payoff 
Years until Payoff 

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