CardWisdom's credit card calculators were designed to help you figure out ways to save money, whether it be saving money on interest with a balance transfer or earning rewards on your spending. The credit card rewards calculator and the balance transfer calculator will show you how to get the most from your credit cards. The yearly spending calculator will likely scare you, as will the interest expense calculator. Use these two at your peril.
Rewards Credit Card Calculator: This is a fun tool. You input your weekly spending in major categories and your yearly spending in others. Then, you can adjust the percent of rewards you get to match specific cards. Most people find that they can earn about $500 a year by switching to a good rewards card.
Balance Transfer Credit Card Calculator: This is a little less fun. This calculator shows you how much you can save on interest if you take advantage of a 0% balance transfer. However, it also points out how much you have been wasting. Nevertheless, if you have been on the fence about doing a balance transfer, this calculator will show you why you should.
Yearly Spending Calculator: Again, not as fun as the rewards calculator. This calculator lets you input your spending and it spits out your yearly totals. While not for the faint of heart, seeing how much you spend in various categories can help you budget better. Plus, we added in a rewards output so you can see how to easily save a couple hundreds dollars.
Year Interest Expense Calculator: This is the lest fun of the calculators. Its very similar to the balance transfer calculator, except it shows you the cold hard cash you fork over to your credit card companies every year. Again, not for the faint of heart.