Advertiser Disclosure: The credit card offers that appear on the website are from companies from which this site receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or available credit card offers.

Information about credit cards and card offers is accurate as of the date of publication.

Current credit card interest rates
3-month trends Variable
7/17/2019 17.86%
7/10/2019 17.86%
7/3/2019 17.84%
6/26/2019 17.82%
6/19/2019 17.82%
6/12/2019 17.85%
6/5/2019 17.85%
5/29/2019 17.85%
5/22/2019 17.78%
5/15/2019 17.80%
5/8/2019 17.80%
5/1/2019 17.80%
4/24/2019 17.87%
4/17/2019 17.85%

What are the different types of credit card interest rates?

  • Purchase APR: The interest rate on purchases, typically applied when your credit card balance isn’t paid in full each billing period.
  • Balance Transfer APR: The interest rate you owe on balances transferred from loans or other credit cards to the applicable credit card. For most cards, you begin with a low rate (even 0%) for a specified number of months before transitioning to the regular APR.
  • Introductory APR: This is an incentive offered by credit card companies to new applicants to give an especially low rate for a certain time period once an account has been opened. This rate (often 0%) is consistently lower than the typical APR for each card. On average, credit cards with a 0% introductory APR on purchases offer around 10 months without interest, while balance transfer cards with introductory APR’s usually last a full year.
  • Cash Advance APR: This rate is applied when withdrawing money from an ATM or bank using your credit card.
  • Penalty APR: If you miss a due date, this rate could be applied. This rate is more extreme than typical APRs (can be as high as 29.99%) and will be lowered to the standard interest rate after six months of timely payments.

We have multiple resources to help you gain a better understanding of credit card interest rates. If you are interested in learning more, we recommend reading the following:

Other credit card options: 0% interest credit cards, balance transfer credit cards

To view more research from the Bankrate team, visit our credit card statistics center.