Maria Adams, Credit Cards Moderator
@m_adams
The Discover it APR depends on which Discover credit card you get, along with your credit history, income, debt and other factors. Overall, Discover credit card APRs depend by card, with 0% introductory APR periods available on some cards (followed by the regular APR).
Discover Credit Card APRs
- Discover it® Secured Credit Card: 27.24% Variable
- Discover it® Student Cash Back: 17.24% - 26.24% Variable
- Discover it® Student Chrome: 17.24% - 26.24% Variable
- Discover it® Cash Back: 18.24% - 27.24% Variable
- Discover it® Miles: 18.24% - 27.24% Variable
- Discover it® Chrome: 18.24% - 27.24% Variable
- NHL® Discover it®: 18.24% - 27.24% (V) (this offer is not currently available on WalletHub and may be out of date).
As you can see, some Discover cards advertise their APR as a range. The rate you ultimately receive could be one of those extremes or anywhere in between. It all depends on how creditworthy Discover thinks you are.
But those aren’t the only Discover APRs. Each Discover card also has a balance transfer APR and a cash advance APR. Some even offer 0% introductory APRs on purchases and/or transfers (followed by the regular APR). You should avoid doing a cash advance except in emergency situations, so I won’t even get into that. But 0% intro rates are important if you don’t plan to pay your bill in full every month.
APRs, though, are really only a consideration when you don’t pay your bill in full every month. The best way to avoid them is to not spend more than you can afford to pay off. But there may come a time when you need emergency financing. In that case, it’s best to get a card with an introductory 0% APR. That way, you’ll be able to hold a balance for a period of time and still have a chance to pay it off before you owe any additional money.
Popular Credit Cards from Discover, Our Partner
People also ask
What is the Visa credit cards interest rate?
Visa credit card interest rates range from 9.99% to 35.99% (V), depending on the card and your overall creditworthiness. One of the best Visa credit card interest rates is 14.25% - 22.25% (V) from Simmons Bank Visa®. But there are several other low interest Visa credit cards available on the market.
If you want to finance a big purchase or planning to make a balance transfer, it’s also worth considering a Visa credit card with a 0% APR. It’s worth noting that Visa credit cards’ interest rates aren’t actually set by Visa....
read full answer by Bogdan Roberts, Credit Cards ModeratorWhat is the Mastercard interest rate?
The Mastercard interest rate could be anywhere between 13% to 36% in most cases, depending on the card and each applicant’s creditworthiness. Just keep in mind that the interest rate isn’t actually set by Mastercard. The issuers are in control of setting the rates. As a card network, Mastercard is more about where the card is accepted than anything else.
Things to Know About Mastercard’s Interest Rates
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How do I get Discover to lower my interest rate?
You can get Discover to lower your interest rate by having your account details ready and calling Discover at (800) 347-2683 or contacting their customer service department through their chat function on their website. Knowing where you stand in terms of your credit score will definitely help negotiations as it's one of the main factors that determines the APR on a credit card.
Here’s how to get Discover to lower your interest rate:
- ...
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