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Information about credit cards and card offers is accurate as of the date of publication.
FIND THE BEST LOW INTEREST CREDIT CARD OFFERS AVAILABLE
| 3-month trends | Variable |
|---|---|
| 7/13/2022 | 17.13% |
| 7/06/2022 | 17.01% |
| 6/29/2022 | 16.91% |
| 6/22/2022 | 16.80% |
| 6/15/2022 | 16.73% |
| 6/08/2022 | 16.68% |
| 6/01/2022 | 16.61% |
| 5/25/2022 | 16.53% |
| 5/18/2022 | 16.51% |
| 5/11/2022 | 16.44% |
| 5/04/2022 | 16.41% |
| 4/27/2022 | 16.40% |
| 4/20/2022 | 16.38% |
| 4/13/2022 | 16.43% |
| 4/06/2022 | 16.40% |
| 3/30/2022 | 16.36% |
What are the different types of credit card interest rates?
- Purchase APR: The interest rate on purchases, typically applied when your credit card balance isn’t paid in full each billing period
- Balance Transfer APR: The interest rate you owe on balances transferred from loans or other credit cards to the applicable credit card. For most cards, you begin with a low rate (even 0%) for a specified number of months before transitioning to the regular APR.
- Introductory APR: This is an incentive offered by credit card companies to new applicants to give an especially low rate for a certain time period once an account has been opened. This rate (often 0%) is consistently lower than the typical APR for each card. On average, credit cards with a 0% introductory APR on purchases offer around 10 months without interest, while balance transfer cards with introductory APR’s usually last a full year.
- Cash Advance APR: This rate is applied when withdrawing money from an ATM or bank using your credit card.
- Penalty APR: If you miss a due date, this rate could be applied. This rate is more extreme than typical APRs (can be as high as 29.99%) and will be lowered to the standard interest rate after six months of timely payments.