How often do many credit card companies calculate the interest you owe?

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  1. Once a year
  2. Daily
  3. Only on the last day of the month

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References

  1. CFPB: How does my credit card company calculate interest? www.consumerfinance.gov/ask-cfpb/how-does-my-credit-card-company-calculate-the-amount-of-interest-i-owe-en-51 Checked 2026-10-10.

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