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Question: How much could I save with a lower interest credit card?

Enter your current credit card balance, then the interest rate of the credit card you have now and the interest rate on the new card for which you are considering applying. Finally, choose the time period for which you want to see your potential savings and hit "Calculate" for the total. (Remember that this calculator does not include any credit card purchases you might make in the future, only the amount you could save on interest charges given your current balance.)

What is the balance on your current credit card?
What is the interest rate (shown as APR on your credit card statement) of your current credit card?
 %
What is the interest rate (APR) of the credit card you may apply for?
 %
For what period of time would you like to see savings with the new credit card?
Calculate
Find the Best Low Interest Credit Card
Compare these low interest rate card offers from top banks and start saving now.
Apply online forPenFed Power Cash Rewards Visa Signature® Card
Apply Now
Credit Needed:
Excellent, Good

PenFed Power Cash Rewards Visa Signature® Card


Editor's Rating:5 Stars
  • 0% APR promo balance transfer rate for 12 months with 3% balance transfer fee now through December 31, 2018. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary with the market based on Prime Rate. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • Rate and offers current as of November 1, 2018 and are subject to change.
  • 1.5% unlimited cash back on all purchases
    • Flexible cash redemption options
    • No caps, limits or category restrictions on rewards
    • Earn up to 2% cash back through the PenFed Honors Advantage program
  • No annual or foreign transaction fees
  • Chip enabled for added security
  • Federally insured by NCUA
  • Variable rate as low as 11.74% APR
Apply online forCommerce Bank® 1.5% Cash Back1 Rewards Card
Apply Now
Credit Needed:
Excellent, Good

Commerce Bank® 1.5% Cash Back1 Rewards Card


Editor's Rating:5 Stars
  • $150 Cash Back Bonus2 after you spend $1,000 on purchases in your first 3 months from account opening
  • Unlimited 1.5% Cash Back1 on every purchase - no exclusions, no sign ups, & no point caps
  • Redeem for Cash Back1 or choose from gift cards, travel, merchandise, and more. Cash Back redemption is applied as a statement credit.
  • 0% Intro APR3 for 12 monthly billing cycles for purchases and balance transfers, then 12.24%-22.24% Variable APR4. Balance Transfer fee of 5%, $10 minimum.
  • $0 Annual Fee*
Apply online forPenFed Platinum Rewards Visa Signature® Card
Apply Now
Credit Needed:
Excellent, Good

PenFed Platinum Rewards Visa Signature® Card


Editor's Rating:5 Stars
  • 0% APR promo balance transfer rate for 12 months now through December 31, 2018. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary w/the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • Rate and offers current as of November 1, 2018 and subject to change.
  • Earn 5 points on gas purchases at the pump. Fuel purchases for airplanes and boats do not receive cash back rewards.
  • Earn 3 points on supermarket purchases
  • Earn 1 point on all other purchases
  • No annual fee
  • No foreign transaction fees
  • No cash advance fee
  • Chip enabled for added security
  • Federally insured by NCUA
  • Variable rate as low As 11.74% APR
Apply online forPenFed Promise Visa® Card
Apply Now
Credit Needed:
Excellent, Good

PenFed Promise Visa® Card


Editor's Rating:4 Stars
  • 4.99% APR promo balance transfer rate for 12 months with no balance transfer fee now through December 31, 2018. After that, the APR for the unpaid balance and any new balance transfers will be 11.74% to 17.99%. APR will vary w/the market based on Prime Rate. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • Rate and offers current as of November 1, 2018 and are subject to change.
  • Absolutely no fees
  • No annual fee
  • No late fee
  • No cash advance fee
  • No foreign transaction fees
  • Chip enabled for added security
  • Federally insured by NCUA
  • Variable rate as low as 11.74% APR
Apply online forPenFed Gold Visa® Card
Apply Now
Credit Needed:
Excellent, Good

PenFed Gold Visa® Card


Editor's Rating:5 Stars
  • 0% APR promo balance transfer rate for 12 months now through December 31, 2018. After that, the APR for the unpaid balance and any new balance transfers will be 8.99% to 17.99%. APR will vary w/the market based on Prime Rate. 3% balance transfer fee per transaction. Subject to credit approval. $100 bonus after spending $1,500 in purchase transactions within the first 90 days of account opening.
  • Rate and offers current as of November 1, 2018 and subject to change.
  • No annual fee
  • No foreign transaction fee
  • No cash advance fees
  • Chip enabled for added security
  • Federally insured by NCUA
  • Variable Rate As Low As 8.99% APR

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.


This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. IndexCreditCards.com does not review every company or every offer available on the market.