{"id":4698,"date":"2023-02-05T21:00:14","date_gmt":"2023-02-05T21:00:14","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/02\/05\/what-is-a-good-apr-for-a-credit-card-the-points-guy\/"},"modified":"2023-02-05T21:00:14","modified_gmt":"2023-02-05T21:00:14","slug":"what-is-a-good-apr-for-a-credit-card-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/02\/05\/what-is-a-good-apr-for-a-credit-card-the-points-guy\/","title":{"rendered":"What is a good APR for a credit card? – The Points Guy"},"content":{"rendered":"


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If you’re relatively new to the world of credit cards \u2014 or even if you’re not \u2014 you probably have a few questions about an important concept: the annual percentage rate<\/a>, or APR.<\/p>\n

In the simplest terms, the APR represents the annual cost you pay to borrow money from a lender or credit card issuer. It’s the interest rate you pay on a credit card \u2014 but only if you don’t pay your card balance by the end of the government-mandated “grace period<\/a>” (at least 21 days, by law).<\/p>\n

So what’s a good credit card APR? And how can you avoid paying it, or find cards with a low or even zero APR?<\/p>\n

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What is a good credit card APR?<\/h2>\n

According to the Federal Reserve<\/a>, the average credit card APR tends to hover between 14% and 18%. When it’s below that, you might consider it a good APR for credit cards.<\/p>\n

This TPG guide to the best credit cards with 0% interest<\/a> is a great place to start your research on current low-APR credit card options, which offer a decreased or waived introductory APR for the first year or so of card ownership.<\/p>\n

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