Every credit card has an interest rate and typically a fee structure. This affects how much you pay to use your card. Learn the basics of how credit card interest rates work and what fees you can expect.
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rate Was 20.28% in January 2021
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rate Was 20.20% in December 2020
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card APR Was 20.24% in November 2020
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card APR Was 20.23% in October 2020
Image shows quick facts about credit card cash advances. A credit card advance withdraws cash from your credit limit (rather than a checking account). Must be repaid, just like other credit card purchases. Credit card issuers charge an advance fee, plus interest. The exact amount depends on the amount of your advance, plus specific calculation method. Make sure you know how the fee is calculated before you take out a cash advance.
What Is a Credit Card Cash Advance Fee?
good credit card apr
What Is a Good APR for a Credit Card?
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rates, February 2020
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rate Was 20.14% in May 2020
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rates, March 2020
Customer uses a credit card to pay for a purchase in a retail store
Why Merchants Use Credit Card Minimums and Surcharges
When Can You Expect Your Credit Card to Charge You Interest?
close up on person's hands holding credit card
Average Credit Card Interest Rates December 2019
Man pays for a meal with his credit card
What Is a Finance Charge?
Woman shopping on telephone using a credit card
Understanding Your Annual Fee and How to Avoid It
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rate Was 20.21% in August 2020
Business man handing a percent sign to another business man
How Credit Cards Use the Wall Street Journal Prime Rate
Man using calculator to figure average daily balance finance charges
How Your Creditors Calculate Finance Charges
Elderly man sitting at a desk looking through bills
Here's How to Calculate Your Own Credit Card Finance Charge
Young woman paying cashier in clothing store
Credit Card Interest Rates: Fixed Rate vs. Variable Rate
Person holding a credit card
Daily Balance Method for Calculating Finance Charges
close-up of red, yellow, and blue credit cards in wallet
Average Credit Card Interest Rate Is 20.26%
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rate Was 20.19% in September 2020
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rate Was 20.21% in July 2020
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rates in June 2020
Stack of multicolored credit cards close-up view with selective focus.
Average Credit Card Interest Rates, April 2020
A customer pays for a coffee with a credit card.
What Are Credit Card Convenience Fees?
A woman views credit card details online
Credit Card Balance Transfer Fees: An Overview
close up of hands holding a white credit card
Average Credit Card Interest Rates October 2019
Hand holding credit card
Considering Card With a Promo Rate? This Is What You Can Expect
Common Credit Card Fees You Should Avoid Paying
stack of credit cards
5 Steps to Lower Your Credit Card Interest Rates
A calculator next to piece of paper with a scribble percent sign
What to Know About Credit Card Daily & Monthly Periodic Rates
Young woman abroad shopping online with credit card
What Is a Credit Card Foreign Transaction Fee?
Stack of credit cards on account of value in red
What Effect Does a Variable Interest Rate Have on Your Credit Card?
Stack of envelopes with pen, calculator, glasses and credit card
Late Fees on Credit Cards: How They Work and How High They Can Go
Viewing credit card information on a tablet
What Is a Credit Card Introductory Rate?
Credit cards and statement where the issuer may use adjusted balance method to calculate finance charges.
How Credit Card Issuers Use the Adjusted Balance Method to Figure Fees
A man is paying bills at a computer
What Is a Credit Card Over-Limit Fee?
Online shopping
Credit Card Companies Earn Profits Even If You Never Pay Interest
stack of credit cards, one has EMV chip
Average Credit Card Interest Rates, January 2020
Your Credit Card Finance Charges: The Previous Balance Method
Stressed woman paying credit card bills
Here's Why Some Credit Card Penalty APRs Never Go Away
A man stresses about finances
The Six Ways Credit Card Finance Charges are Calculated
A woman looks over her credit card penalty APR terms.
Credit Card Penalty and Default Rates Explained
Upset woman holding credit card
10 Bad Credit Card Habits You Must Break
Man holding several credit cards with various interest rates
Here Is How You Should Respond to a Credit Card Interest Rate Increase
close up of man's hands holding a white credit card
Average Credit Card Interest Rates November 2019
Hand reaching for stack of cash
The Four Times Banks Can Increase Credit Card Interest Rates
Increasing interest rate
When Credit Card Issuers Must Send Interest Rate Increase Notices
A heap of various credit cards, extreme close up
Average Credit Card Interest Rates, September 2019
Are Retail Credit Cards Really a Good Idea?
Magnifying glass amplifies newspaper article on interest rates
Credit Card APRs Inch Up as Banks Brace for Trouble Ahead
 
 
 
 
More In Credit Card Basics
Billing & Payment