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Key credit card interest rate insights. Highest average credit card interest rate in 2024: 20.79 percent (Aug. 24, 2024) Lowest average credit card interest rate in 2024: 20.27 percent (Dec. 31, 2024)
Almost half (48 percent) of credit cardholders carry debt from month to month, according to Bankrate’s 2025 Credit Card Debt survey. If this describes you, your interest rate should be your top ...
Where credit card accounts assessed interest saw average rates as low as 16.04 percent in 2018, indebted consumers are now paying average rates of 20.13 percent as of February 2025, according to ...
According to data from TransUnion, Americans' average credit card balance was at $6,380, an annual increase of 4.8% in the third quarter of 2024. The combination of soaring inflation rates over the...
For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.
2. Use 0% intro APR cards to save money on interest charges. Many people use zero-interest promotional offers to save money on credit card interest charges — but even the best 0 percent intro ...
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