Best Credit Card Rates of 2020

Average Credit Card Interest Rates

Type of CardAve APRAPR Last WeekAPR 6 Months Ago
National Average17.20%17.21%17.73%
Low Interest14.15%14.16%14.73%
Cash Back17.12%17.13%17.60%
Balance Transfer15.04%15.05%16.94%
Business15.12%15.12%15.61%

Credit cards can provide a lot of benefits for consumers including cash back and miles but can quickly turn costly if you carry over a balance month to month. That’s why it is so important to understand and compare interest rates. Review the diferent types of APR before comparing credit card rates beow.

  • Fixed APR: This interest rate is locked in when you apply for a credit card and will not change. (Except under circumstances detailed in the terms and conditions.)
  • Variable APR: This interest rate is subject to change and is usually based on a benchmark rate.
  • Purchase APR: This is the interest rate on credit card purchases that comes into effect when you don’t pay your statement balance in full every billing period.
  • Balance Transfer APR: This is the interest rate you owe on balances you move from other credit cards or loans to your card. Typically, you get a low rate (even 0%) for a certain number of months, and then switch over to the regular APR.
  • Introductory APR: This is a temporary rate that some credit cards offer to new applicants for a certain period of time after account opening. It is lower than the normal APR, often 0%.
  • Cash Advance APR: This rate may be charged if you withdraw money from an ATM or bank branch using your credit card.
  • Penalty APR: This rate may apply after you miss a due date. And whether it applies to future purchases or an existing balance, too, depends on how far behind you get.

Compare Credit Card Rates

Balance Transfer Credit Card Rates

CardIntro Balance Transfer APRIntro Balance Transfer PeriodRegular Balance Transfer APR
Discover it® Balance Transfer0%18 months13.49% – 24.49% variable
Capital One® Quicksilver® Cash Rewards Credit Card0%15 months15.74% – 25.74% variable
Chase Freedom®0%15 months16.49% – 25.24% variable
Chase Freedom Unlimited®0%15 months16.49% – 25.24% variable
BankAmericard® credit card0%18 billing cycles for BTs made in the first 60 days14.49% – 24.49% variable

0% Intro APR Credit Card Rates

Card0% Intro APR Purchase Period0% Intro APR Balance Transfer PeriodRegular APR
Chase Freedom Unlimited®15 months15 months16.49% – 25.24% variable
Capital One® Quicksilver® Cash Rewards Credit Card15 months15 months15.74% – 25.74% variable
Discover it® Cash Back14 months14 months13.49% – 24.49% variable
BankAmericard® credit card18 billing cycles18 billing cycles for BTs made in the first 60 days14.49% – 24.49% variable
Chase Freedom®15 months15 months16.49% – 25.24% variable

No Annual Fee Credit Card Rates

CardIntro BonusAnnual FeeRegular APR
Discover it® Cash BackCashback Match™$013.49% – 24.49% variable
Capital One® VentureOne® Rewards Credit Card20,000 miles$013.74% – 23.74% variable
Chase Freedom Unlimited®Double Cash Back$016.49% – 25.24% variable
Capital One® Quicksilver® Cash Rewards Credit Card$150$015.74% – 25.74% variable
Wells Fargo Propel American Express® card30,000 points$015.49% – 27.49% variable

Low Interest Credit Card Rates

CardAnnual FeeBalance Transfer Intro APRRegular APR
Discover it® Cash Back$00% for 14 months13.49% – 24.49% variable
Capital One® VentureOne® Rewards Credit Card$0N/A13.74% – 23.74% variable
Discover it® Balance Transfer$00% for 18 months13.49% – 24.49% variable
Wells Fargo Propel American Express® card$00% for 12 months on qualifying balance transfers15.49% – 27.49% variable
Citi® Double Cash Card$00% intro for 18 months on Balance Transfers15.49% – 25.49% variable

Cash Back Credit Card Rates

CardIntro BonusAnnual FeeRegular APR
Chase Freedom Unlimited®Double Cash Back$016.49% – 25.24% variable
Discover it® Cash BackCashback Match™$013.49% – 25.49% variable
Capital One® Quicksilver® Cash Rewards Credit Card$150$015.74% – 25.74% variable
Capital One® SavorOne® Cash Rewards Credit Card$150$015.74% – 25.74% variable
Wells Fargo Cash Wise Visa® card$150$015.49% – 25.49% variable

Travel Credit Card Rates

CardIntro BonusAnnual FeeRegular APR
Capital One® Venture® Rewards Credit Card50,000 miles$95, waived first year17.49% – 24.74% variable
Chase Sapphire Preferred® Card60,000 points$9517.49% – 24.49% variable
Capital One® VentureOne® Rewards Credit Card20,000 miles$013.74% – 23.74% variable
Discover it® MilesDiscover Match®$013.49% – 23.74% variable
Bank of America® Travel Rewards Visa® credit card25,000 points$016.49% – 24.49% variable

Rewards Credit Card Rates

CardIntro BonusAnnual FeeRegular APR
Capital One® Venture® Rewards Credit Card50,000 miles$95, waived first year17.49% – 24.74% variable
Chase Sapphire Preferred® Card60,000 points$9517.49% – 24.49% variable
Discover it® Cash BackCashback Match™$013.49% – 24.49% variable
Capital One® Quicksilver® Cash Rewards Credit Card$150$015.74% – 25.74% variable
Chase Freedom Unlimited®Double Cash Back$016.49% – 25.49% variable

Business Credit Card Rates

CardIntro BonusAnnual FeeRegular APR
American Express® Blue Business Cash CardNo current offer$014.74% – 20.74 variable
Ink Business Unlimited℠ Credit Card$500$014.74% – 20.74% variable
Capital One® Spark® Cash for Business$500$95, waived first year18.74% variable
Discover it® Business CardCashback Match™$014.49% – 22.49% variable
Capital One® Spark® Cash Select for Business$200$014.74% – 22.74% variable