Average Credit Card Interest Rate for December 2024: 24.37% APRByBEN WOOLSEYUpdated December 10, 202410:19 AM ESTPart of the SeriesHow The Fed’s Interest Rates Affect Consumers The median average credit card interest rate for December 2024 is 24.37%. Investopedia tracks over 300 credit card in...
A "good" APR on a credit card typically falls below the national average of 21.76%, as reported by the Federal Reserve. Rates can vary widely depending on yourcredit scoreand the card type. Borrowers with strong credit are more likely to qualify for rates closer to the lower end of their...
According to data from the Federal Reserve—the central banking system of the U.S.—the average APR on all credit card accounts assessed interest in February 2024 was 22.63%, Opens overlay. So, anything below that would be considered a good APR for a credit card. Unfortunately, this data ...
For credit card accounts that were assessed interest, the average annual percentage rate was 22.80% as of November 2024, according to data from the Federal Reserve. Depending on your credit scores, the interest rate (aka APR) on your credit card may be higher or lower. Good credit — a FI...
Balance transfer intro APR N/A Regular APR 29.74% variable Recommended credit 580-740 (Fair to Good) More information BEST FOR FLAT-RATE REWARDS Capital One QuicksilverOne Cash Rewards Credit Card Our rating:3.9Our writers, editors and industry experts score credit cards based on a variety of ...
The average American had access to $29,855 in credit across all of their credit cards as of the third quarter of 2023, according to Experian. But the average credit card balance was $6,501 during the same quarter— well below the average credit limit. The average credit limit increased ...
you an annual percentage rate (APR) that’s two to three times lower than what you’d get with a fair or bad credit score. Interest rates forgood creditare typically around or below the national average. A fair or poor credit score could mean an APR that rivals credit card interest ...
FICO breaks its credit scores into five brackets: Poor: 300 to 579 Fair: 580 to 669 Good: 670 to 739 Very good: 740 to 799 Excellent: 800 to 850 There are plenty of advantages to having a score that is good or better, like getting alower mortgage rateor a credit cardwith competitive...
Interest rates on credit cards also rose, reaching an averageannual percentage rate (APR)of 21.47% in the fourth quarter of 2023, a marked increase from an average APR of 15.05% in 2019.3Higher interest rates can make it more difficult to pay off balances because more of the minimum monthly...
¹ Avant Credit Card APR ranges from 29.99%–35.99%. For more information regarding other account terms, please see rates and terms. ² At this time, approved applications for the Avant Credit Card submitted directly through the Avant website will have a $39 annual membership fee, a mini...