APR vs. Interest Rate
4 min read
How to Lower Your Credit Card Interest Rate
6 min read
Last Updated: January 14, 2026
Key Takeaways
- Credit card interest is the cost you pay to your card issuer for borrowing money.
- Your credit card issuer calculates your interest daily and then charges you the total at the end of the month if you don’t pay off your balance.
- You can avoid interest if you pay off your entire statement balance on your credit card bill every month.
Did you know?
See if you’re Pre-approved before you apply
Next steps
See if you're pre-approved
Learn about Discover It ® Cash Back Credit Card
See rates, rewards and other info
You may also be interested in
What is a Purchase APR?
7 min read
What Is Accrued Interest on Credit Cards?
5 min read
How to Avoid Interest on a Credit Card
7 min read
Was this article helpful?
Was this article helpful?
You are now on a Capital One webpage. Please be sure to review Capital One’s Terms & Conditions and Privacy Notice.