Credit Card Interest Drag Index
Rewards do not matter if interest is eating the win $999
At a benchmark APR of 21.50%, a $5,000 balance with a $150 monthly payment can incur about $999 of interest in year one.
What does paying only the minimum cost?
$999
first-year interest estimate
Can rewards outrun credit card interest?
$336
first-year interest estimate
When is a balance transfer worth it?
$1,335
first-year interest estimate