What's a Good Credit Card APR?

Yourcredit scoreand credit history ultimately determine where your specific APR falls within a credit card’s set range.

Regardless of your specific interest rate, carrying a balance will cost you.

We break it all down below.

What is a good credit card APR?

Theaverage APR on a credit cardis over 20%.

The purchase APR applies to your balance that’s carried into the next billing cycle.

Penalty APR:Penalty APRs typically apply tolate payments.

While charges vary, somepenalty APRsare as high as 30% for payments later than 60 days.

It’s important to review your options carefully before you choose a credit card.

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