Interest rate credit cards: What is the average?

At 19.11% for unsecured credit cards, based on the cards available on Canstar’s datase, the average credit card interest rate is enough to scare the pants off a baby!

But for those who owe a debt, the good news is that there are plenty of cards available at much lower interest rates. You can compare credit card rates here.

Ways to make your budget stickWays to make your budget stick


The sad fact, though, is that many of us simply don’t check our credit card interest rate.  According to some recent consumer research we did of 2,200 adults, 45% of respondents didn’t shop around before choosing a credit card and 34% didn’t know what their credit card interest rate was.

That’s a shame, because collectively Kiwis are currently paying interest on around $6.5 billion of credit card debt. So – there’s plenty of money to potentially be saved by comparing credit card options for you.

What if you don’t have a credit card debt?

If you don’t have an ongoing credit card debt then the interest rate attached to your credit card doesn’t matter at all – you’re not paying it!

Instead, you can afford toy look for some awesome credit card rewards deals. Always keeping in mind, of course, any annual fee attached to those rewards. After all, you want to ensure that you are actually getting a good deal.

What rewards points could you earn?What rewards points could you earn?


If you do carry an ongoing debt though, the interest rate you’re paying is very important – so find out what it is!

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