Simple Financial Hack!
Using our Credit Card Interest Calculator & Interest Earned on Deposit Calculator – you will see how much you can save if you pay off your credit card using your savings.
For example, assuming it takes 4 years to clear my credit card balance.
If your credit card balance is €8000, the interest rate is 18%, and the total interest payable over 4 years is €5,760.
If I have €8,000 on deposit at 3.5% interest over the same 4 years I will receive €1,120.00 in interest. Savings by using this money to clear the Credit Card is €4,640.
Want to learn more? Try our FREE Credit Card Calcs now>
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