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Average Credit Card Interest Rate 2026 (APR by Card Type)

Current credit card interest rates by card type, credit score, and issuer. Historical APR trends from 2000 to 2026.

Average Credit Card APR by Type (2026)

Card TypeAverage APRNotes
All Credit Cards20.74%Record high territory
New Card Offers22.15%For new applicants
Existing Accounts19.85%Current cardholders
Rewards Cards21.50%Cash back, points, miles
Travel Cards20.80%Airline and hotel cards
Student Cards19.20%For college students
Secured Cards18.50%For building credit
Business Cards19.90%Small business cards
Store/Retail Cards26.50%Highest APR category
Balance Transfer Cards0%Intro 12-21 months
Penalty APR29.99%After missed payments

APR by Credit Score

Credit ScoreAvg APRAssessment
Excellent (750+)16.50%Best available rates
Good (700-749)20.25%Average rates
Fair (650-699)23.75%Above average
Poor (600-649)25.50%Subprime rates
Very Poor (below 600)28.00%+Secured cards recommended

Historical Average Credit Card APR

YearAvg APRNotes
202620.74%Near all-time high
202520.68%
202420.72%Record high
202320.44%Rising fast
202216.65%Fed rate hikes began
202114.75%Pandemic low
202015.91%COVID impact
201917.14%Pre-pandemic
201816.46%
201513.18%
201014.67%Post-recession
200512.51%
200015.71%

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Frequently Asked Questions

What is the average credit card interest rate?

The average credit card APR is 20.74% in 2026, near all-time highs. Rates range from 16.50% for excellent credit to 28%+ for poor credit.

What is a good credit card APR?

Anything under 18% is considered good. Excellent credit (750+) can get rates around 16.50%. The best strategy is to pay in full monthly and never pay interest.

Why are credit card rates so high?

Credit card rates are tied to the Federal Reserve rate plus a margin. After aggressive Fed hikes in 2022-2023, rates reached record highs. Cards are also unsecured debt, which carries higher risk for lenders.

Data & Research

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