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Current credit card interest rates

3-month trends Variable
11/30/2022 19.20%
11/23/2022 19.20%
11/16/2022 19.14%
11/09/2022 19.04%
11/02/2022 18.77%
10/26/2022 18.73%
10/19/2022 18.68%
10/12/2022 18.67%
10/05/2022 18.45%
9/28/2022 18.38%
9/21/2022 18.16%
9/14/2022 18.10%
9/07/2022 18.03%
8/31/2022 17.96%
8/24/2022 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.