Annual Percentage Rate (APR) for Purchases29.45% · This APR will vary with the market based on the Prime Rate.
How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.
Future rate hikes are a real possibility, so use these strategies to tackle your high-interest card debt now.
Credit card rates are likely to fall slightly in 2024, but consumers won’t get much relief.
Even though most credit card rates are high right now, retail cards boast unusually high rates. They’re easier to qualify for and meant to boost profits.
The best 0% APR credit cards of 2024 charge zero interest on purchases and balance transfers, sometimes for up to 21 months — a generous benefit.
Credit card interest rates and debt levels are at historic highs. Consumers leaned more on their cards as inflation increased in the pandemic era.
The Fed's rate decision doesn't directly change your credit card APR, but it does play a role. Here's how.
Capital One charges higher interest rates to customers with average and great credit scores, compared to Discover, and compared to most other credit card companies.
Investopedia tracks over 300 credit card interest rates every month. For November 2024, the average credit card interest rate is 24.62%.