Is a 25% Apr high for a credit card?

Yes, a 25% APR is high for a credit card, as it is above the average APR for new credit card offers. Credit card APRs can be much lower, and some cards offer an introductory 0% APR for a certain number of months, which can save you a lot of money. Keep in mind that your 25% APR should apply only when you carry a balance from month to month.

Why is Apr important?

APR is important because it helps you compare the cost of different credit cards. A lower APR means that you will pay less in interest if you carry a balance on your card. Browse and compare our top picks for the best credit cards in 2024. APRs can vary vastly.

What is a good Apr?

But, generally, an APR that’s in the low teens or below is a good APR. At Experian, one of our priorities is consumer credit and finance education. This post may contain links and references to one or more of our partners, but we provide an objective view to help you make the best decisions.