Fiber-reinforced polymer-matrix composites are known to exhibit loading rate-and time-dependent mechanical response. Their fatigue strength is determined by a complex interaction of damage processes governed by loading duration and cycle number. Apart from mechanistic approaches, a number of empirical models of various sophistication have been proposed to predict the durability of composites, differing in the amount of experimental data needed for their application. The accuracy of several such models is evaluated by comparing the prediction to the experimentally determined stress ratio effect on fatigue life of glass fiber-reinforced polyester-matrix composite. It is found that the accuracy of prediction generally improves with increasing the amount of test data needed for model calibration. However, the most accurate method of fatigue life estimation, among the selected ones, is by the modified Goodman diagram.