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Credit card interest calculator: What will a ₹50,000 unpaid bill cost you over 12 months? Interest math explained
Mint 1 hr ago·1 Nov 2026, 2:03 am
A credit‑card balance that isn’t cleared each month accrues interest at the card’s quoted rate, which is usually expressed as a monthly percentage. At a typical 3.5% monthly rate, the interest compounds, so a ₹50,000 bill left unpaid for a year can swell to roughly ₹80,000, including any applicable taxes.
For investors and everyday savers, the takeaway is that the cost of carrying a credit‑card balance can be substantial and erodes disposable income. High‑interest debt can also affect credit scores, making future borrowing more expensive and potentially influencing consumer‑spending trends that impact broader market sentiment.
Going forward, keep an eye on any changes to the Reserve Bank of India’s policy rates, as they often filter through to credit‑card pricing. Also watch for promotional offers or fee revisions from card issuers, and consider the timing of repayments to avoid unnecessary interest buildup.
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