Current Credit Card Interest Rates
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Information about credit cards and card offers is accurate as of the date of publication.
| 3-month trends | Variable |
|---|---|
| 11/23/2021 | 16.32% |
| 11/17/2021 | 16.32% |
| 11/10/2021 | 16.32% |
| 11/3/2021 | 16.32% |
| 10/27/2021 | 16.31% |
| 10/20/2021 | 16.27% |
| 10/13/2021 | 16.16% |
| 10/6/2021 | 16.17% |
| 9/29/2021 | 16.21% |
| 9/22/2021 | 16.21% |
| 9/15/2021 | 16.21% |
| 9/8/2021 | 16.21% |
| 9/1/2021 | 16.21% |
| 8/25/2021 | 16.21% |
| 8/18/2021 | 16.21% |
| 8/11/2021 | 16.16% |
| 8/4/2021 | 16.16% |
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:
- What is credit card APR?
- How to get a lower credit card interest rate
- What is introductory APR and how should you use it?
- Fixed rate credit cards and why they are becoming so hard to find
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.