The Federal Reserve also tracks U.S. consumers’ average credit card interest rates. As of February 2025, it reported that the average credit card interest rate on accounts with balances ...

If you already carry a balance on your credit card, you're likely being hit with high interest charges that make it harder to pay off debt. The average APR for all credit card accounts is 14.87% ...

Credit cards for fair credit, sometimes called "average" credit ... A hallmark of cards for fair credit is high interest rates. That's important to keep in mind as you work to build a positive ...

The average credit card APR on interest-bearing accounts is 21.91% as of the fourth quarter of 2024. Credit card interest rates have risen quickly since 2021, as the Federal Reserve hiked its ...

Need time to pay off a purchase or existing debt? These 0% intro APR credit cards can help you avoid interest for up to 21 ...

Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit ...

For context, a recent study shows the average credit card debt is more than $6,500 and 0% APR introductory periods range from about a year to 21 months. So let's do the math. Say you have a $6,500 ...

How are credit card rates set? The typical credit card rate formula is the Prime Rate plus a profit margin set by the card issuer. On average, this margin often runs between 12 and 13 percent.

The average credit card APR is over 20%, according to the Federal Reserve. So anything below the average might technically be considered a "good" APR by comparison, but any APR means you're paying ...

Excellent credit will earn you lower interest rates, which may contribute ... data from the third quarter of 2024. Average American credit card debt How to start paying off debt FAQs Read next ...