Calculating credit card interest can be complicated, luckily we have Credit Card Nerd Sally French here to help you calculate that along with sharing the factors that go into figuring out what your credit card interest is. Suggested Articles: Credit Card Interest Calculator: https://www.nerdwallet.com/article/credit-cards/credit-card-interest-calculator?utm_source=yt&utm_medium=sc&utm_campaign=ba_mktg_organic_061624_social_cm_yt_vertical_promotionalexplainer_ccinterest-calculator How to Stop Wasting Your Money on Credit Card Interest: https://www.nerdwallet.com/article/credit-cards/stop-wasting-money-on-credit-card-interest Chapters: 0:00 - Intro 1:26 - Step 1: Average Daily Balance 2:33 - Step 2: Interest Rate 3:15 - Step 3: Days In Billing Cycle 3:28 - Step 4: Multiple Average Daily Balance by Daily Interest Rate, Then Multiply That By The Number of Days In The Billing Period 3:44 - How To Pay Less In Credit Card Interest #NerdWallet #CreditCardInterest #CreditCard Subscribe to NerdWallet - https://bit.ly/3wGvVf3 About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions. Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet Follow NerdWallet on Instagram: https://instagram.com/nerdwallet Follow NerdWallet on Twitter: https://twitter.com/NerdWallet Follow NerdWallet on Facebook: https://facebook.com/NerdWallet NerdWallet Website: https://nerdwallet.com 4 Steps To Calculate Credit Card Interest | NerdWallet https://www.youtube.com/c/nerdwallet