Pop quiz: What is the interest rate on any one of your credit cards? No peeking at your statements! Stumped? You&39;re not alone.  As much as Americans like to use credit cards, we don&39;t really pay much attention to their rates and fees. An initial glance of the disclosure when applying for a new account is the most attention most credit card terms receive. How do you know that you are really getting the deals you deserve?

Give your credit cards a quick check-up today! You may find that your interest rates are higher than they should be or that you&39;ve been paying an annual fee that you didn&39;t know about. Here are the steps:

1. Make a list of all your credit cards - Don&39;t forget to include cards that you share with a spouse or use at work. Any credit card that appears on your credit report should be included in this list.

2. Investigate your rates - Credit card statements must include an explanation of your finance charges. This is true for online and mailed statements. Your annual percentage rate (APR) should be listed fairly clearly in a chart similar to this:

Your credit limit should also be fairly easy to find on your credit card statements. Finding a list of the other interest rates, fees and costs for your account is going to be much trickier. Search your online account first, if that doesn&39;t work you can call your creditor to ask or look for the credit card in Credit.com&39;s easy comparison listings.

3. Write down each account&39;s terms - Next to the each credit card on your list make note of the following fees and rates:

• APR
• Annual Fee
• Credit Limit
• Late Fee
• Overlimit Fee

4. Compare your rates - If you know your credit score, you can pretty easily evaluate if the rates you are receiving are fair. If you don&39;t know your credit score, click here to estimate your score for free.

If you know you have a good credit score (above 700) most of your credit cards should have an APR in the 10-15% range. You shouldn&39;t have any annual fees (except for some rewards cards) and your credit limits should be in the high thousands range.

If your credit is decent but not great (600-700) your APR&39;s should be in the 15-20% range. You may have lower credit limits or some annual fees. If you have credit score problems (below 650) your credit card rates may be as high as 30% with expensive fees and low credit limits.

5.Take action - If you find out that you&39;re not getting the credit card APR or fees you deserve, call your creditor and request a change. You may be able to lower your APR, remove an annual fee requirement or increase your credit limit just by asking. One simple phone call could save you a lot of money on your credit cards. If you can&39;t make changes to your credit cards, you can always switch to another account that has better rates and fees.

Give your credit cards a check up today! Feel free to report your results or ask questions in the comments section below.