If you struggle with credit card debt, you’re not alone — millions of Americans do! Swell’s mission is to help customers save a billion dollars in credit card interest.
Use the Credit Card Crusher to figure out how much you could save with Swell Credit.
STEP 4: Review your estimated options
Make your monthly minimum payment plus the extra amount you selected until your card balances are paid off. And if you borrow more, pay the new purchases off each month.
Estimated Months to Pay Off†
APR (weighted average)*
Estimated Total Interest Paid†
Starting Principal Balance*
Monthly Estimated Initial Payment†
Open a Swell Credit account and pay down your higher rate credit card balance(s) with a lower rate from Swell Credit.
Estimated Months to Pay Off†
Example APR**
Estimated Total Interest Paid†
Starting Principal Balance**
Monthly Estimated Initial Payment†
Example Credit Limit†,**
Since your existing credit card interest rate is lower than the Swell Credit Example APR, you might be better off sticking with your credit cards for now.
We hope you will keep Swell Credit in mind for your future credit needs.
For credit scores of 300-619, your odds of being approved for Swell Credit are very low. For this reason, you might be better off sticking with your credit cards for now. To learn more about improving your credit score, you can use these helpful resources.
We hope you will keep Swell Credit in mind for your future credit needs.
Be one of the first to get Swell Credit.
† Interest accrual and payments are calculated using a 360 day year consisting of twelve 30-day months.
The credit card Monthly Estimated Initial Payment includes 1.0% of principal plus accrued interest at the weighted average APR (with a minimum monthly payment of $25), plus any additional amount you selected above. The credit card Estimated Months to Pay Off and Estimated Total Interest Paid are calculated assuming there are no additional borrowings on the credit card(s) and that you continue to pay the additional amount you selected.
The Swell Credit Monthly Estimated Initial Payment includes 1.5% of principal plus accrued interest at the Example APR (with a minimum monthly payment of $25), plus any additional amount you selected above. The Swell Credit Estimated Months to Pay Off and Estimated Total Interest Paid are calculated assuming there are no additional cash advances from the Swell Credit account. Swell Credit has no grace period for interest accrual — interest starts accruing on amounts advanced beginning on the balance transfer date.
Because Swell Credit has a maximum credit limit of $10,000 and credit limits in part are based on credit score, the credit limit that may be offered may not equal the outstanding principal balance of your inputted credit cards.
As of March 2023, Swell Credit has credit limits from $1,000 to $10,000 and APRs ranging from 7.99% to 23.99%. Rates and credit limits are set by Central Pacific Bank, and no particular APR or credit limit are guaranteed. Credit approval is required. Visit https://www.swellmoney.com/qualifications for more details on product qualifications. Product terms described above are examples only and may not be indicative of APRs and credit limits that are approved by Central Pacific Bank or that may be offered to recipients of marketing offers from Central Pacific Bank.