A progressive finance charges calculator lets you compare your risk with your return, allowing you to calculate how much you can save if you don’t take risks.
If you can’t, you can pay less, but that won’t necessarily translate into a better return.
A progressive charge calculator also shows you how much your options might cost, allowing a better comparison.
Here’s how to use it:Go to www.pulsecharge.com/progressive_charge_calculator.aspx Enter your credit card number and card expiration date, as well as your current and expected credit card balances.
Then enter the total amount of money you expect to spend in a given year.
You can also enter an estimate of your interest rate, if applicable.
(You can also use the estimated value of your credit cards to calculate your interest.)
The calculator shows you the risk and your return for a given investment, with a range of possible returns.
(We recommend that you use the “low risk” option, if you are willing to pay more for a lower return.)
If your current credit card offers a progressive charge, you’ll see the percentage of your total risk (or risk-adjusted return) that the charge can provide, and the percentage that it can’t.
(A progressive charge will cost less than a conventional credit card.)
The more progressive the charge, the lower your risk-reward ratio.