A good APR for a credit card is anything below 14% — if you have good credit. If you have excellent credit, you could qualify for an even better rate, like 10%. If you have bad credit, though, the best credit card APR available to you could be above 20%.

What is the maximum interest rate for a credit card?

Generally, there is no federal law that limits the interest rate that a credit card company can charge. The law of the state where the card company has its headquarters generally determines the maximum interest rate the card issuer can charge.

Are there any credit card companies raising interest rates?

Stories of credit card companies raising interest rates on just about everybody—even customers with perfect credit, no debt, and no late payments—continue to roll in. If you thought credit card companies were committing usury in the past with APRs of eighteen, or twenty percent; you ain’t seen nothing yet.

Which is the worst credit card in the world?

Our experts have done some research and put together a list of the 7 worst credit cards to have ever existed, some of which are (thankfully) no longer available, with fees and terms that are laughably bad. Avoid these sub-par credit cards at all costs! 7. David’s Bridal Credit Card

Which is the best credit card with fixed interest?

Open to residents of certain counties in Iowa, First Federal Credit Union members can choose between two Visa cards with fixed interest rates. The First Federal Credit Union Visa® Premium credit card offers a fixed interest rate as low as 6.99%, with no balance transfer fees and no annual fee.

What’s the interest rate on a 0% credit card?

This is one expensive card. The interest rate is a very high 28.49% even for the best credit scores. If that weren’t bad enough, the 0% special financing is only for six months, and will incur retroactive interest fees to the date of purchase if you don’t pay the balance off before the promotion expires.