Crack the Code: Calculate Credit Card Interest with Ease!

Imagine this!

Your Credit Card bill is Rs. 10,000 and must be paid in the next 31 days. 

Time's ticking

You have about ONE month to pay your bill. After which the unpaid amount begins to accrue interest.

So, riddle me this, how do you calculate the interest amount?

Annual Percentage Rate

Your interest rate is based on the Annual Percentage Rate or APR. To find the monthly interest rate, divide the APR by 12. 

Let’s break it down

APR = 30%, Monthly interest is 30/12 = 2.5%, So, if your outstanding amount is Rs. 10,000, then at 2.5% your monthly interest will be Rs. 250.

You are granted a standard grace period – which is up to 48 days at Metra Trust – to repay outstanding dues, during which you are not charged interest.

Metra Trust Credit Cards offer low APRs starting at just 9% and the ability to pay balances in EMIs!