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How does the credit card savings and comparison calculator work?

April 26, 2017calculator comparison credit card savings

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How does the credit card savings and comparison calculator work?

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The credit card savings and comparison calculator calculates the difference in interest rates and annual fees between your present card and an ANZ credit card, once you have entered your current balance. Both interest rate savings and annual fee savings are calculated separately. Interest is calculated on the current balance you input. It assumes a fixed balance for 12 months and monthly payments of the minimum balance due only.