What's the lowest Chase credit card interest rate?

A good interest rate on a credit card is 14% and below. That is roughly the average regular interest rate on credit cards for people with excellent credit. Even a relatively good interest rate on credit cards for people with lower scores is not all that low. For example, credit card users with good or fair credit could pay interest at an annual rate of 20%+ and still have a below-average APR. Better-than-average for a credit card overall isn’t much below 20%, either. That’s why the best interest rate on a credit card is 0%.... read full answer

How to Get a Good Interest Rate on a Credit Card

There are three ways to get the best possible credit card interest rate.

For starters, lots of credit cards offer 0% APR periods as introductory perks for new customers. They can be a great help to people looking to finance a large purchase or transfer a debt to pay it off faster. But those intro periods are always temporary. Most (but not all) 0% APR credit cards require good credit or better, too.

The second way to avoid credit card interest altogether is to pay your full statement balance by the due date every billing period. Setting up automatic monthly bill payments from a bank account can be a big help with that. You can also try the “Island Approach”, which is a method of using multiple credit cards for different expenses. For example, you could use your lowest-rate card—maybe even a card with a 0% APR period—for things you’ll need to pay off over a period of time, and a rewards card for everyday purchases that you pay off every month. That way, you wouldn’t pay interest at all, no matter what rate you have on the rewards card.

Ultimately, there is also a number of things you can do to raise your credit score and, in turn, get a better shot at a good interest rate on your next credit card. Because if a low credit card APR is your objective, it truly pays to have an “excellent” credit score of 750 or higher

The Chase Freedom Flex APR is 19.49% - 28.24% (V), with the actual rate depending on factors such as your income, credit history, and existing debt. Chase Freedom Flex also has an intro APR of 0% for 15 months on purchases and balance transfers. The “(V)” at the end of the APR range stands for “variable” and means that the APR can change based on the economy.... read full answer

Other Chase Freedom Flex APRs

• Cash advance APR: The cash advance APR, for when you use your card to get money from an ATM or bank teller, is 29.49% (V) and the cash advance fee is: Either $10 or 5% of the amount of each transaction, whichever is greater.
  
  You should note that unlike regular purchases, which have a grace period, cash advances start accruing interest right away.
• Balance transfer APR: Balance transfers made to the Chase Freedom Flex accrue interest at the card’s regular APR (19.49% - 28.24% (V)). There is also a balance transfer fee: either $5 or 3% of the amount of each transfer, whichever is greater in the first 60 days (5%, min $5 after).
  
  Grace period doesn’t apply to balance transfers either, as they also start accruing interest right away.
• Penalty APR: Chase Freedom Flex also charges a penalty APR for being delinquent on payments. This APR is up to 29.99%.

Interest charges are extremely expensive, for one thing. Plus, they can quickly become unmanageable. So, paying off what you charge to a credit card every month is the best way to avoid interest and hurting your credit score.