Trump Credit Card Interest Savings Calculator
Calculate your potential savings under the Trump credit card interest cap and see how much faster you could pay off your debt.
Enter Your Information
$
$10,000
%
22% APR
$
$300 per month
Your Savings Under Trump Credit Card Interest Cap
Monthly Interest Comparison
Current (22% APR):$183.33
With Trump Cap (10% APR):$83.33
Monthly Savings:$100.00
Total Interest Until Payoff
Current:$15800.00
With Trump Cap:$4100.00
Total Interest Saved:$11700.00
Time to Debt Freedom
Current:8 years, 2 months
With Trump Cap:4 years, 11 months
Time Saved:3 years, 3 months
Visual Comparison
Monthly Interest Payment
$83
Current: $183.33/moTrump Cap: $83.33/mo
Time to Payoff
Current Rate86 months
With Trump Cap47 months
Key Insights
$100
Monthly Interest Savings
$11700
Total Interest Until Payoff
3y 3m
Faster Debt Freedom
What This Means For You
Under the Trump credit card interest cap, your monthly interest payment would decrease from $183.33 to $83.33, saving you $100.00 each month.
Over the life of your debt, you would save $11700.00 in interest charges and become debt-free 3 years and 3 months sooner.
This calculator assumes the Trump 10% credit card interest rate plan is implemented as proposed and applies to your existing balances. Actual results may vary based on legislative changes and individual circumstances.