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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 interest rate is 23.04% for new offers and 21.51% for existing accounts, according to WalletHub’s Credit Card Landscape Report. The average interest rate among new credit card offers has increased by nearly two percentage points since 2010.
Currently, credit card interest rates range from 5.75% to 36% for new applicants. The average interest rate among credit card offers is 23.15%, as of September 2024, 0.04% higher than the prior month. The interest rates on existing credit card accounts are a bit lower.
The median average credit card interest rate for October 2024 is 24.62%. Investopedia tracks over 300 credit card interest rates every month. October's rate dropped by 12 basis points compared to...
For credit card accounts that were assessed interest, the average annual percentage rate was 22.76% as of May 2024, according to data from the Federal Reserve. Depending on your credit scores,...
The average penalty APR on a credit card is 27.72%. Below, you can find more detailed average credit card interest rates, along with additional information about how credit card interest works and how to avoid it.
The average credit card interest rate is 20.65 percent, down slightly from a record-high 20.79 percent set on Aug. 14, 2024.
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.
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.
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.