Credit Card Interest Rate Calculator

See how your credit score affects credit card terms and payoff time

Credit Card Details
Enter your credit card information

Average credit card debt: $6,194 per person

Your Credit Card Terms
Based on your credit score: 740-850
16.99%
APR
$0
Annual Fee
$10,000
Credit Limit
Payoff Analysis
Monthly payment: $100
3 years 3 months
Time to Pay Off
$-1,193
Total Interest Paid
Credit Score Comparison - Credit Card Terms
See how different credit scores affect your credit card options
Credit ScoreRatingTypical APRAnnual FeeCredit LimitInterest on $5K
740-850Excellent16.99%$0$10,000$-1,193
670-739Good19.99%$0$5,000$-1,333
580-669Fair24.99%$39$2,000Never pays off
300-579Poor29.99%$99$500Never pays off
Credit Card Approval Requirements

Excellent Credit (740+)

  • Access to premium rewards cards
  • 0% introductory APR offers
  • No annual fees on most cards
  • High credit limits ($10,000+)
  • Best cashback and travel rewards

Good Credit (670-739)

  • Good selection of rewards cards
  • Competitive interest rates
  • Most cards have no annual fee
  • Moderate credit limits ($5,000+)
  • Access to balance transfer offers

Fair Credit (580-669)

  • Limited rewards card options
  • Higher interest rates (20-25%)
  • Some cards may have annual fees
  • Lower credit limits ($2,000-5,000)
  • Focus on credit building cards

Poor Credit (Below 580)

  • Secured credit cards required
  • Very high interest rates (25-30%)
  • High annual fees ($39-99+)
  • Very low credit limits ($300-500)
  • Limited to subprime card options
Smart Credit Card Strategies

Debt Payoff Strategies

  • Pay more than the minimum (even $25 extra helps)
  • Use debt avalanche: pay highest APR first
  • Consider balance transfers to lower APR cards
  • Make bi-weekly payments to reduce interest

Credit Utilization Tips

  • Keep balances below 30% of credit limits
  • Aim for under 10% for excellent scores
  • Pay balances before statement dates
  • Request credit limit increases

Choosing the Right Card

  • Match card to your credit score range
  • Avoid cards with annual fees if rebuilding
  • Look for 0% intro APR for large purchases
  • Consider secured cards for credit building

Avoiding Common Mistakes

  • Never make only minimum payments long-term
  • Don't close old credit cards
  • Avoid cash advances (higher APR + fees)
  • Don't apply for multiple cards at once

Ready to Optimize Your Credit Cards?

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