How credit card interest is calculated

How credit card interest is calculated

  • Find out how to decipher confusing credit card interest rates
  • Acronyms: know your EAR from your APR
  • Helping you to decide which credit card is really the right one for you

What's in this guide

What is APR? Video guide

Find what out APR stands for and how it differs to a standard interest rate in our two-minute video. Contains video

Calculating credit card interest

If you withdraw cash from a cash machine with your credit card, or pay anything less than the full amount on your statement, you'll normally be charged interest by the card company.

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