What is the average annual percentage rate (APR) for a credit card?

The average annual percentage rate (APR) for a credit card can vary depending on various factors such as the card issuer, credit score, and the type of credit card. As of 2021, the average APR for credit cards in the US is around 16%, but it can range anywhere from 10% to 25% or higher depending on the creditworthiness of the individual and the type of credit card. It's important to note that credit card companies can change the APR on a card based on market conditions, economic factors, and a customer's creditworthiness.