The current highest credit card interest rate is 36%. That's on the First PREMIER® Bank Credit Card. The next highest credit card interest rate seems to be 34.99%, charged by the Total Visa® Card and the First Access Visa® Card.
What is a high percentage rate for a credit card?
Banks typically offer credit card APRs in the range of 12% to 24%. According to the Federal Reserve's most recently available data as of July 2022, the average interest rate for U.S. credit cards' assessed interest is 16.17% on all accounts.
Is 22% credit card high?
A 22% APR on a credit card is higher than the average interest rate for new credit card offers. A 22% APR means that the credit card's balance will increase by approximately 22% over the course of a year if the cardholder carries a balance the whole time.
What is the annual percentage rate on a Visa credit card?
0% Intro APR for 21 months on balance transfers from date of first transfer and 0% Intro APR for 12 months on purchases from date of account opening. After that the variable APR will be 17.74% - 28.49%, based on your creditworthiness.