 TITLE: How to Negotiate a Lower Interest Rate on Your Credit Card CONTENT: What Is a Good Interest Rate on a Credit Card?\n----------------------------------------------\nThe credit card interest rate you'll qualify for depends on your credit score, the type of card you're interested in and overall market conditions.\nOne way to gauge whether a card's interest rate is \"good\" is to compare it to the average. As of November 2019, the average interest rate on credit card accounts that charge cardholders interest was 16.88%. When negotiating a lower rate on your current cards, aim for a rate that's lower than the average.\nKeep in mind, too, that rewards credit cards will likely charge higher rates than cards that don't offer airline miles or cash back. Similarly, credit cards aimed at those with fair or poor credit and retail credit cards often have higher rates. END