Current credit card interest rates

3-month trends Variable
01/25/2023 19.93%
01/18/2023 19.91%
01/11/2023 19.85%
01/04/2023 19.59%
12/28/2022 19.60%
12/21/2022 19.55%
12/14/2022 19.42%
12/07/2022 19.40%
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%

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 percent) 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 an introductory 0 percent APR, is consistently lower than the typical APR for each card.
  • 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, a penalty APR could be applied. This rate is more extreme than typical APRs (can be as high as 29.99 percent) and will typically 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’re interested in learning more, we recommend reading the following:

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

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