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Rates

Average Credit Card Interest Rate

The average interest rate charged on credit card accounts that carry a balance, reported by the Federal Reserve.

20.94%-0.06%Reading dated 2026-05-01 · Federal Reserve data
Week change
−0.06 pts
Month change
−0.06 pts
Year change
−0.22 pts
12-month range
20.94–21.39%
Where it stands

It is 0.06 percentage points lower than a month ago.

That is 0.22 percentage points below where it stood a year ago.

Today's reading sits at the bottom of its 12-month range of 20.94% to 21.39%.

Week on week it is down 0.06 percentage points.

What it means in money

At 20.94%, carrying a $5,000 balance costs roughly $1,047 a year in interest before you repay a cent of the balance.

Run your own numbersCredit card payoff calculatorHow long your balance takes to clear, and what the interest really costs.
Terms on this page
APRMinimum payment
Common questions
What is the average credit card interest rate today?
The average credit card interest rate is 20.94%, based on the latest Federal Reserve data.
How often does the average credit card interest rate change?
We refresh this figure daily from Federal Reserve Economic Data. The underlying series itself updates daily, weekly or monthly depending on the rate.
Is this the rate I will be offered?
No. This is a national average. The rate you are quoted depends on your credit profile, the loan term, your down payment and the individual lender.
Other rates
30-Year Fixed Mortgage Rate6.76%15-Year Fixed Mortgage Rate6.09%National Average Savings Account Rate0.38%Bank Prime Loan Rate6.75%Federal Funds Rate3.63%10-Year Treasury Yield4.95%

Source: Federal Reserve Economic Data, series TERMCBCCALLNS. National average, not a personalised quote.