What is the average APR on credit cards?

The average Annual Percentage Rate (APR) for credit cards in Hawaii is between 12.90% and 24.90%. The APR is determined by the card issuer and reflects the interest rate applied to balances carried over from one billing cycle to the next. In Hawaii, store credit cards and credit cards from major companies typically have an APR that ranges from 12.90-17.90%. Credit cards offered by banks and other financial institutions usually have a higher APR, ranging from 17.90-24.90%. It is important to understand that the APR is not the only cost associated with credit cards. Most credit cards also have a monthly service fee that will be added to the balance each month. Additionally, many credit cards charge a fee for certain services, such as balance transfers and cash advances, and may also have an annual fee. When considering a credit card, it is important to read the full terms and conditions and to compare the APR and fees of different cards to find the option that best meets your needs. In addition to the APR and fees, consider the rewards and other additional benefits that the card offers.

Related FAQs

What is a balance transfer fee?
What are the different kinds of interest rates for credit cards?
What is a default on a credit card?
What is a variable rate credit card?
How do I dispute unauthorized charges on my credit card?
How do I calculate my credit card APR?
What can I do to protect myself from credit card fraud?
What is a credit limit?
Can I increase my credit limit?
What is the minimum credit score required to qualify for a credit card?

What is the average APR on credit cards?

Related FAQs

Related Blog Posts