A credit cards APR, or annual percentage rate, is the interest rate charged on a credit card balance. A good APR for a credit card is generally considered to be at or below the national average, which is currently above 20% . However, what qualifies as a good APR can vary based on several factors, including the type of card and your own credit score. For example, a credit card APR below 10% is definitely good, but you may have to go to a local bank or credit union to find it. If you have good credit, a good credit card APR may be easy to come by, but people with below-average credit scores will likely be offered higher interest rates than people with good or excellent credit.

Its important to note that the best possible APR on a credit card is 0%, which you can get for an introductory period on many cards. However, this is only temporary, and after the introductory period runs out, the cards APR will increase. If you pay your credit card in full every month, your APR doesnt even matter, since you wont get charged interest.

In general, a high APR for a credit card is one that exceeds the national average of 20% on credit cards that charge interest. Reward credit cards tend to have higher APRs, averaging above 23% . People with bad credit may only have options for higher APR credit cards around 30% . If you want the best credit card APR possible, you might want to work on improving your credit score first. Once your FICO Score passes 660, your credit will move from “subprime” to “prime,” and you’ll become eligible for prime interest rates.