What is your card's rate over prime?
A variable card rate is almost always written as prime plus a margin. Prime moves with the Bank of Canada; the margin is the issuer's decision. Type your rate to see which part is which.
Your figures
It is on your statement as "annual interest rate, purchases". Arrows step 0.25.
Nothing is assumed beyond the figures on this page. Tax is not modelled.
17.54 pts
Prime is 4.45% today. Everything above it is the issuer's margin.
The working
- Your rate
- 21.99%
- Prime, Bank of Canada, Sep 30
- − 4.45%
- The issuer's margin
- 17.54 pts
Arithmetic on your figures. Not a recommendation or personal advice.
Where prime came from
We do not carry US cards
This tool answers the question the same way wherever you are. What we cannot do here is tell you which card to move to, because we have no US card data and we are not going to guess at rates.
Nothing on this page is a recommendation, and we are not paid anything on it.
Arithmetic on your figures. Not a recommendation or personal advice. It does not predict next year, and it does not ask for your bank account.
Put this against your month
What is left to spend this month?
A margin is what the card costs when you carry a balance. Leftover is what keeps you from carrying one.
No account. Nothing you type is sent to us.