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Bookmark or Share- Average Credit Card Interest Rates for Nov. 2024 - WalletHub21.76% for existing accounts. The average credit card interest rate is 23.00% for new offers and 21.76% for existing accounts, according to WalletHub’s Credit Card Landscape Report. The average interest rate among new credit card offers has increased by nearly two percentage points since 2010. 2024's Best Credit Card Rates.
- Best Credit Card Rates (November 2024) - WalletHubThe best credit card rates are 0% APRs that last for 15 months or longer. Credit cards offering 0% rates on new purchases can be interest-free for about 11 months on average, and balance transfer cards average around 13 months with 0% rates. The best regular interest rates on credit cards are below 14%.
- Current Credit Card Interest Rates – November 2024 - WalletHubAverage Rate – New Offers: 23.00%. Average Rate – Existing Balances: 23.37%. Currently, credit card interest rates range from 5.75% to 36% for new applicants. The average interest rate among credit card offers is 23.00%, as of November 2024, 0.18% lower than the prior month. The interest rates on existing credit card accounts are a bit lower.
- Average Credit Card Interest Rates by Credit Score - WalletHubAverage Credit Card Interest Rates for 300 - 619 Credit Score Among the major credit card issuers that offer credit cards to people with a credit score of 619 or less, Citibank offers the highest interest rate (32.24%), which is approximately 18.4% higher than the lowest interest rate offered by Bank of America (27.24%).
- Historical Credit Card Interest Rates (1991 - 2023) - WalletHubYes, credit card rates are going up in 2023, mostly due to the Federal Reserve increasing its federal funds rate in response to inflation. The average credit card interest rate for new offers has risen from 21.43% in the fourth quarter of 2022 to 23.15% as of the end of Q1 2023, the latest data available.
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