What moves your card rate?
Prime is not a guess. The Bank of Canada sets a target for the overnight rate eight times a year, and prime moves with it within a day or two.
4.45%
The Bank's overnight rate target is 2.25%. Prime is set relative to it, not to your card.
The working
- Bank of Canada overnight rate target
- 2.25%
- The spread banks add
- + 2.20%
- Prime
- 4.45%
Where these 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 published rate is context. Your leftover is what you can actually use. Four figures, in this browser, under a minute.
No account. Nothing you type is sent to us.