Credit card interest calculation

Last updated: 24/08/2017 08.47 AM

How is credit card interest calculated?

Each credit card statement will tell you the total amount that you owe on your account, as well as the minimum payment due.

ANZ calculates interest on a daily basis on all purchases, advances, fees, charges and previously billed interest.

Credit card interest is accumulated daily, but only charged when the total amount owed specified on your statement is not paid by the due date. The exception to this is interest on cash advances, which is charged immediately after the cash advance is made.

You can find your interest rate on our Credit card interest rates page.

Tips for minimising the amount of interest you pay.

Please contact us if you would like to discuss your credit card interest calculation.

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