Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Gsn2112

0 Contributions
0 People Helped
How much interest am I paying monthly
Does credit Karma offer a way I can find out how much interest I'm paying monthly ?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
72 Contributions
25 People Helped

No - Interest rates are probably not shared with CreditKarma and the interest is computed on a daily basis (more frequently than your credit reports are updated which is monthly).  There would be no good way of them calculating this beyond a wild guess.

Your credit card statements should tell you how much of your payment is interest and how much is the principal amount.

Top Contributor
7097 Contributions
1384 People Helped

There are calculators on Bankrate and other places that can assist you in determing how much interest you are paying.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.