what is a good apr 
as of june 2023 the median credit card interest rate for all credit cards in the investopedia database was 23 74 however rates varied widely even for any given issuer for example the aprs on bank of america credit cards ranged from 17 74 on the low end to 26 99 at the high end those differences can be due to a number of factors including the type of card for example rewards cards tend to carry higher interest rates and the creditworthiness of the individual cardholder the lowest rates tend to be available to cardholders with the highest credit scores 6before their full rate kicks in some cards offer introductory purchase aprs for a limited period which may range from several months to a year or more if you carry a balance after the promotional period ends the card will begin to charge its full purchase apr on that balance 