How can I calculate the credit card due amount?

While your credit card statement will provide a detailed breakdown, here's a general overview of the factors involved and the process in which your credit card due amount is calculated:

• Starting Balance: This is the amount you owed from the previous month (if any).
• New Purchases: Any purchases made during the billing cycle are added to this balance.
• Payments and Credits: Payments you've made, and any credits applied, are subtracted.
• Interest: This is calculated based on your average daily balance and the annual percentage rate (APR) of your card.
• Fees: Any fees, like late fees or annual fees, are added.
• Tax: Applicable taxes.

Your due amount is the sum of your starting balance, new purchases, interest, fees, applicable taxes minus any payments and credits.