What is considered a good APR on a credit card?

Of course, the most reasonable thing to do is to select a card with the lowest possible APR.

How can you minimize your APR? The APR imposed by your bank will depend on your credit score. Therefore, the higher your credit score, the lower the APR you will have to pay.

This chart illustrates the relationship between your credit score and the APR that the card issuer might offer you:

Source: CardRates.com

Here are some of the cards that offer the lowest APRs:

  • Card S. Bank Visa Platinum : get 0% introductory APR for 18 billing cycles. Subsequently, the APR rises to 14.24% – 25.24%.
  • Card Chase Freedom Unlimited : This card has an APR of 15%. After this period, the rate is 13.99% to 26.74%.
  • Citi Double Cash Card : 0% APR for balance transfer for 18 months, no annual fees and a generous cash back program.

What if you have a very low credit score? Don’t worry: there are cards for people with bad credit . Entrepreneurs can also opt for credit cards specially designed for small business owners .

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