The average credit card interest rate is 19.24% for new offers and 14.14% for existing accounts, according to WalletHub’s Credit Card Landscape Report.
What is considered a high interest rate on a credit card?
The average interest rate for credit cards from credit unions is only 9.37%. On the other hand, if you’re paying off credit card debt, a 17% APR is pretty high. You should always aim for the lowest interest rate available to you, but the best interest rate you can get will depend on your credit score.
What is a good credit card APR 2019?
Best low interest credit cards of 2019:
Citi Simplicity® Card: Best for no late fees. BankAmericard® credit card: Best for long balance transfer offer. Blue Cash Preferred® Card from American Express: Best for rewards. Wells Fargo Platinum Card: Best for 0% intro APR.
What is 24% APR on a credit card?
What exactly is a credit card APR and how is it calculated?” A. APR is short for Annual Percentage Rate, which is the interest you’re charged over a 12-month period. For instance, a card with 24% APR costs 2% per month on balances that you carry from month to month.
Is 24.99 Apr good?
The standard interest rate is 24.99% Variable APR for purchases, balance transfers and cash advances, but there is no annual fee.