Credit Card Comparison Calculator
Use this credit card calculator to compare the long-term costs of credit cards that have varying interest rates, annual fees, introductory rates and compounding intervals.
Just enter your balance, payment, and the terms for each card, then click the "Compare Credit Cards" button. The calculator does the rest!
Please note this calculator assumes a constant monthly payment to compare the costs of the cards, so if you vary payments your actual costs will be different. Additionally, if the card doesn't include an introductory offer then just leave both the introductory fields blank for that card (as opposed to entering a zero in both fields).
How To Compare Credit Cards For The Best Deal
Searching for credit cards can be an exhausting process – especially when it comes time to compare them.
Once you’ve narrowed down your top choices, you’ll want to compare their long-term costs – quickly and easily.
The Credit Card Comparison Calculator does just that, saving you time and money. But there’s more to consider than just the numbers. So, here are a few tips to help you find the best deal that fits your specific needs . . . .
Understand Your Credit Card Needs
How often will you use your credit card? If you are you going to use your credit card for most of your expenses and you pay off the bill every month, then choose a credit card that has a rewards program or that offers cash back deals.
If you carry a balance every month then save some dollars by comparing credit cards that have the lowest interest rates so you can pay off your debt as soon as possible.
If you’re an avid traveler, apply for a “gold” or “platinum” credit card as these cards allow you to accumulate points that you can convert into free air miles. With these credit cards, you may also enjoy the traveler’s lounge at the airport or benefit from their free travel accident insurance.
Classic, Gold Or Platinum: What’s The Difference?
Think of “classic” credit cards as basic credit cards. The interest rate is generally higher compared to platinum and gold cards.
Gold and platinum credit cards are usually issued to consumers with elevated financial status and good credit standing. These credit cards usually offer extra services to cardholders, such as:
Remember: Credit cards should not jeopardize your finances. Compare credit cards using this calculator and shop wisely!
Understand Your Credit Card Agreement
Before you decide which credit card to use, carefully read the terms and conditions of the agreement. Understand all your credit card charges. If you are unsure, ask your credit card representative. You may need to know:
Responsible Credit Card Use
Don’t get trapped by irresponsible credit card spending. Remember: Credit cards are tools that can be used to better your credit or devastate your finances. Here are a few commonsense tips to use credit cards responsibly:
Credit History Matters
When applying for a credit card, your credit history matters. Make existing credit card payments on time and avoid default. Proper credit card management leads to lower interest rates and higher credit limits – not to mention more accepted credit card applications.
Compare credit cards – it’s well worth the research. Our credit card comparison calculator will handle all the time-consuming calculations and show you the long-term costs of using each card thus giving you the information you need to make a wise decision.
Terms & Definitions For Comparing Credit Cards
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Credit Card Comparison Calculator
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