Codex credits vs the OpenAI API price

They are the same. A Codex credit is metered at $0.04, and the Codex credit rate card equals the OpenAI API dollar rate card multiplied by 25 for every model, so a workload that costs 1 credits ($0.04) in Codex costs $0.04 on the API. There is no per-model markup; credits are OpenAI API pricing in a different unit. Verified 2026-07-21.

Codex creditsOpenAI API
Unit1 credit = $0.04$ per token
GPT-5.6 Terra input / 1M62.5 credits ($2.50)$2.50
GPT-5.6 Terra output / 1M375 credits ($15.00)$15.00
Per-model markup0%0%
Codex Credits - Calculator