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Credit Card APR compared - A comprehensive guide 2018


Credit Card APR is the Annual Percentage Rate of your credit card. Simply put, this is the rate of interest applicable when you are late on your payments. APR is calculated daily and is applicable on the Total Amount Due, and not just the principal amount. This means that if you have a late payment fee applied, then you will need to pay interest on that as well.

How to avoid paying credit card APR?

Credit cards have an interest-free period of up to 45 days. Your credit card bill has this date mentioned as the due date. If you pay before this due date, you will not have to pay any interest or additional amount on your credit card bill.

Are there any waivers on APR?

Some banks offer 0% APR for the first 6 / 12 months but usually, you will need to have a good repayment history or a very high CIBIL score. This is mostly a marketing tactic to attract customers but ideally, you should not be affected by this as the best case is to always pay your bills on time and avoid paying interest.

What are the standard credit card APR rates?

Here's a comprehensive guide to all credit card APR's as of March 2018:

Bank

Variant

Fixed Deposit Required?

APR When MAD Paid

APR when MAD not paid

HDFC Bank

JetPrivilege HDFC Bank Diners Club

No

23.88%

23.88%

HDFC Bank

Diners Black

No

23.88%

23.88%

HDFC Bank

Infinia

No

23.88%

23.88%

HDFC Bank

Jet World

No

41.88%

41.88%

HDFC Bank

Signature

No

41.88%

41.88%

HDFC Bank

Regalia

No

41.88%

41.88%

HDFC Bank

Business Regalia

No

41.88%

41.88%

HDFC Bank

Doctors Regalia

No

41.88%

41.88%

HDFC Bank

Regalia First

No

41.88%

41.88%

HDFC Bank

Business Regalia First

No

41.88%

41.88%

HDFC Bank

Others

No

41.88%

41.88%

HDFC Bank

Card issued against Fixed Deposit

Yes

23.88%

23.88%

State Bank of India

All Variants

No

40.20%

40.20%

ICICI Bank

Jet Airways ICICI Bank Credit Cards

No

42.00%

42.00%

ICICI Bank

ICICI Bank Instant Platinum Credit Card

Yes

29.88%

29.88%

ICICI Bank

ICICI Bank Instant Gold Credit Card

Yes

29.88%

29.88%

ICICI Bank

Fixed Deposit Instant Credit Card

Yes

29.88%

29.88%

ICICI Bank

All other cards

No

40.80%

40.80%

Axis Bank

Insta Easy Card

Yes

34.49%

34.49%

Axis Bank

Easy Card

Yes

34.49%

34.49%

Axis Bank

MY Business

No

46.78%

46.78%

Axis Bank

MY Zone

No

46.78%

46.78%

Axis Bank

MY Choice

No

46.78%

46.78%

Axis Bank

Platinum

No

46.78%

46.78%

Axis Bank

Titanium Neo

No

46.78%

46.78%

Axis Bank

Buzz

No

46.78%

46.78%

Axis Bank

All other cards

No

41.75%

41.75%

Citi Bank

All variants

No

39.00%

42.00%

Kotak Mahindra Bank

Feast Gold

No

42.00%

42.00%

Kotak Mahindra Bank

Fortune Gold

No

42.00%

42.00%

Kotak Mahindra Bank

Urbane Gold

No

42.00%

42.00%

Kotak Mahindra Bank

Aqua Gold

Yes

35.88%

35.88%

Kotak Mahindra Bank

Silk Inspire Platinum

Yes

35.88%

35.88%

Kotak Mahindra Bank

PVR Gold

No

42.00%

42.00%

Kotak Mahindra Bank

PVR Platinum

No

42.00%

42.00%

Kotak Mahindra Bank

Royale Signature

No

40.08%

40.08%

Kotak Mahindra Bank

Wealth Management

No

37.20%

37.20%

Kotak Mahindra Bank

League Platinum

No

42.00%

42.00%

Kotak Mahindra Bank

Delight Platinum

No

42.00%

42.00%

Kotak Mahindra Bank

Essentia Platinum

No

42.00%

42.00%

Kotak Mahindra Bank

Silk Inspire Platinum

No

42.00%

42.00%

Kotak Mahindra Bank

Privy League Signature

No

29.88%

29.88%

Standard Chartered Bank

Visa Infinite

No

37.20%

37.20%

Standard Chartered Bank

Emirates World

No

37.20%

37.20%

Standard Chartered Bank

Instant Card

Yes

23.88%

23.88%

Standard Chartered Bank

All other cards

No

41.88%

41.88%

American Express

Platinum

No

42.00%

42.00%

American Express

Platinum Reserve

No

42.00%

42.00%

American Express

All other cards

No

42.00%

42.00%

IndusInd Bank

All variants

No

46.00%

46.00%

Ratnakar Bank Limited (RBL)

All Unsecured Variants (No FD)

No

42.00%

42.00%

Ratnakar Bank Limited (RBL)

All Secured Variants (FD)

Yes

30.00%

30.00%

HSBC

All Variants

No

29.88%

29.88%

J&K Bank

All Variants

No

27.00%

27.00%

Punjab National Bank

All Unsecured Variants (No FD)

No

29.81%

29.81%

Punjab National Bank

All Secured Variants (FD)

Yes

19.56%

19.56%

Andhra Bank

Platinum

No

21.23%

41.75%

Andhra Bank

All other cards

No

34.49%

41.75%

Union Bank Of India

Usecure

Yes

15.60%

15.60%

Union Bank Of India

All other cards

No

22.80%

22.80%

YES Bank

All Variants

No

23.88%

23.88%

Bank Of Baroda

Assure

Yes

19.20%

19.20%

Bank Of Baroda

Titanium Master

No

30.00%

30.00%

Bank Of Baroda

All other cards

No

31.20%

31.20%

Central Bank of India

Aspire

Yes

18.00%

18.00%

Central Bank of India

Gold

No

33.00%

33.00%

Central Bank of India

Titanium

No

35.88%

35.88%

Central Bank of India

Platinum

No

35.88%

35.88%

Central Bank of India

World

No

42.00%

42.00%

Corporation Bank

All Variants

No

30.00%

30.00%

Syndicate Bank

All Variants

No

24.00%

24.00%

Indian Overseas Bank

All Variants

No

24.00%

24.00%

IDBI Bank

Aspire Platinum

No

34.80%

34.80%

IDBI Bank

Royale Signature

No

30.00%

30.00%

Tamilnad Mercantile Bank

All Variants

No

24.00%

24.00%

Dhanalakshmi Bank

Gold

No

18.00%

18.00%

Dhanalakshmi Bank

Platinum

No

24.00%

24.00%

MAD=Minimum Amount Due

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