Get current credit card interest rates and recent rate trends from this site
Advertiser Disclosure: The credit card offers on this website are from firms who compensate this website. Our payment may influence how and where products display on this site (including, for example, the order in which they appear). This website does not list all credit card businesses or credit card offers.
|Current credit card interest rates|
What are the various credit card interest rates?
Purchase APR: The interest rate charged on purchases when your credit card balance is not paid in full each billing cycle.
The interest rate you pay on balance transfers from loans or other credit cards to the appropriate credit card. Most cards start with a low rate (even 0%) for a set period of months before switching to the regular APR.
Introductory APR: This is an incentive provided by credit card providers to new applicants in the form of a special low rate for a set period of time after an account is started. This rate (typically 0%) is always lower than the average APR for each card. Credit cards with 0% introductory APR on purchases often give roughly 10 months interest-free, whereas balance transfer cards with introductory APRs typically last a full year.
Cash Advance APR: This rate is imposed when you use your credit card to withdraw money from an ATM or bank.
If you miss a payment deadline, this rate may be levied. This rate is higher than ordinary APRs (it can reach 29.99%) and will be reduced to the standard interest rate after six months of on-time payments.
We provide a variety of materials to assist you better understand credit card interest rates. If you want to understand more, we recommend reading the following: