A good APR for a credit card?

What is a good APR for a credit card?
Expert answer by Alex Gerard,
9 years experience in consulting and banking

We will use an average credit card interest rate of about 13%. So basically, everything that is lower can be considered good.

Based on my experience, I can tell you that the best offers you will find are charging 7.25%-8% regular APR. Also keep in mind that cards usually publish a range of APR and offer every customer individual product within that range. So if you can get a card with a 10-12% ongoing APR – you have a great deal.

It is also a matter of fact that those with a lower credit score get a higher interest rate, and the opposite is true as well. 

Have a look at our best low APR picks.

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