In fact, Federal Reserve data shows the average credit card interest rate for accounts that assessed interest came in at 22.16% in May 2023—and there are plenty of rewards credit cards with advertised rates that are much higher than that. Further, some credit cards come with a 0% APR for a limited time, but rates increase once th ...
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Written by Garrett Yarbrough ; Edited by Courtney Mihocik ; Reviewed by Jason Steele
Investopedia tracks over 300 credit card interest rates every month. For November 2024, the average credit card interest rate is 24.62%.
The Federal Reserve tracks credit card interest rates, and an APR below the average would also be considered good. The best possible APR on a credit card is 0%, which you can get for an introductory period on many cards. In addition, if you pay your credit card in full every month, y ...
See the best low interest credit cards according to our research at Forbes Advisor UK. Find a card for you from our best low rate credit cards selection.
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