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The average credit card interest rate is 28.02%, according to Forbes Advisor’s weekly credit card rates report. The Federal Reserve keeps tabs on the average interest rate that U.S. consumers...
The average credit card APR overall is around 23% right now, according to WalletHub's latest Credit Card Landscape Report. That means getting a credit card with an APR lower than 23% could be considered a good APR for the average borrower.
The median average credit card interest rate for October 2024 is 24.62%. Investopedia tracks over 300 credit card interest rates every month.
Currently, the average APR is 21.59% ⁷ in 2024. However, this doesn’t mean that you’re locked into that credit card interest rate if you apply for a card today. Every individual receives a unique APR based on several factors, including the card type and credit score.
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...
The average interest rate for a private label credit card in 2022 was 27.7%, according to data in a 2023 consumer credit card market report from the Consumer Financial Protection Bureau.
According to the Federal Reserve’s data for November 2023, the average APR across all credit card accounts was 21.47%. The average credit card APR isn’t necessarily reflective of the APR you’ll receive on a credit card you’re approved for, though.
. The average credit card interest rate in America today is 24.92% — tied for the highest since LendingTree began tracking rates monthly in 2019. LendingTree reviews about 220 of the most popular credit cards in the U.S. — from more than 50 issuers — to comprehensively look at the state of credit card interest rates. We publish our findings here.
The average credit card interest rate is 20.93 percent. APRs on most new credit card offers have climbed higher, faster and more frequently in the last year and a half than ever before. But even though most major lenders have already pushed up card APRs to unprecedented heights, few appear willing to skip additional rate hikes.
The average APR for all cards in the U.S. News database is 15.56% to 22.87%. Types of Credit Card APRs. Credit card APRs can be fixed or variable, though most credit cards have a...