The Capital One VentureOne APR is 0% for 12 months on purchases. After that, the APR jumps to its regular rate of is 13.74% - 23.74% (V). There is no introductory APR on balance transfers. The APR is presented as a range of percentages from low to high, so the better your overall credit profile, the more likely you’ll receive an interest rate at the low end of the range. VentureOne does not charge a penalty APR for late payments, but there is a standard 23.74% APR on cash advances. You can find the VentureOne APRs at the top of your monthly statement or on the account details section of your online account.
Capital One VentureOne’s APR should concern you only if you plan on carrying a balance from month to month. But if you pay your balance in full and by the payment due date every month, you won’t have to worry with the card’s interest rates. VentureOne offers a 25-day grace period from the end of the billing period until the payment due date. If you pay your bill in full before that due date, you will avoid those expensive interest charges. The grace period does apply only to purchases – balance transfers and cash advances do not qualify.
The best Visa credit card interest rate is 9.25%, which is possible with the Simmons Bank Visa Platinum Card. But you need excellent credit to get such a card. So there might be a difference between the best overall Visa interest rate and the best interest rate on a Visa credit card that you can actually get approved for. Plus, it’s worth noting that Visa credit cards’ interest rates aren’t actually set by Visa. The banks and credit unions that issue Visa credit cards control that. As a card network, Visa is more about where the card is accepted than anything else. … read full answer
Of course, you can do a lot better than 9.25% for a limited time, considering the low introductory APRs that many cards offer. For example, the Bank of Hawaii Visa Signature Card gives you 0% for 18 months on purchases and balance transfers. And the Chase Freedom Unlimited Visa offers 0% for 15 months. But their regular rates aren’t as good: 14.98% - 17.98% for Bank of Hawaii and 15.99% - 24.74% for Freedom Unlimited.
By the way, there are two ways a regular, ongoing Visa credit card interest rate might be expressed. The first is as a single number, and the second is as a range. In the latter case, the issuer will assign a rate from that range based on your credit history. Let’s take a look at some examples.
Here are some examples of Visa credit card interest rates:
Simmons Bank Visa Platinum: 9.25% (V). Requires excellent credit.
Bank of Hawaii Visa Signature: 0% for 18 months. 14.98% - 17.98% (V). Requires excellent credit.
Capital One Quicksilver Cash Rewards: 0% for 9 months. 13.99% - 23.99% (V). Requires good credit.
Credit One Bank Platinum Visa: 16.99% - 24.99% (V). Can get approved with bad credit.
So you’ll really need to check each individual card to know what your interest rate is going to be. Just a quick note: you’ll often see “(V)” after your card’s interest rate. That just means the rate is “variable,” or can change a bit over time. It’s not anything to be too concerned about though. It’s standard, and your rate shouldn’t change drastically.
Also keep in mind that you won’t have to worry about interest if you pay in full every month. It’s useful to note as well that there are other types of interest rates each card may or will have, such as an introductory rate on balance transfers, an interest rate for cash advances, and a penalty rate that kicks in when you don’t pay your minimum payments.
Mastercard interest rates are 10.74% to 36%, depending on the card and each applicant’s creditworthiness. Nearly all Mastercard interest rates are variable rather than fixed. Variable rates are tied to an index rate, usually the prime rate that banks use for their most creditworthy customers. Setting specific interest rates is a card issuer’s job, though, not Mastercard’s.… read full answer
Generally, the better your credit history, the better the interest rate. For example, the Bank of America Cash Rewards Mastercard interest rate ranges from 16.24% to 26.24%, depending on your credit. Credit card type also affects the interest rate. Most secured credit cards offer a single rate, like Capital One Secured: 26.99% (V). Rewards cards like Citi ThankYou Premier – 17.49% to 25.49% (V) – often have higher maximum interest rates to compensate for the additional benefits .This could also be a sign that more than just people with excellent credit can get approved.
Highest Mastercard interest rate: 36% (First Premier Bank Mastercard)
Best 0% Mastercard (balance transfer): 0% for 21 months(Citi Simplicity)
Best 0% Mastercard (purchases): 0% for 18 months (HSBC Gold Mastercard Credit Card)
Credit cards will always have multiple interest rates. There are separate rates for purchases, balance transfers, cash advances and late payments. Cash advance APRs range from 24.99% to 26.99%. Penalty interest rates for late payments can be a maximum of 29.99%. The Barclaycard Arrival Plus and Citi Simplicity cards do not have penalty interest rates, for example.
If a Mastercard with the lowest possible interest rate is your priority, you may need to look beyond the big banks and explore options from credit unions. Credit unions have specific membership requirements, so check to make sure you’re eligible.show less
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