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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

23.88%

HDFC Bank

Diners Black

23.88%

HDFC Bank

Infinia

23.88%

HDFC Bank

Jet World

41.88%

HDFC Bank

Signature

41.88%

HDFC Bank

Regalia

41.88%

HDFC Bank

Business Regalia

41.88%

HDFC Bank

Doctors Regalia

41.88%

HDFC Bank

Regalia First

41.88%

HDFC Bank

Business Regalia First

41.88%

HDFC Bank

Others

41.88%

HDFC Bank

Card issued against Fixed Deposit

Yes

23.88%

State Bank of India

All Variants

40.20%

ICICI Bank

Jet Airways ICICI Bank Credit Cards

42.00%

ICICI Bank

ICICI Bank Instant Platinum Credit Card

Yes

29.88%

ICICI Bank

ICICI Bank Instant Gold Credit Card

Yes

29.88%

ICICI Bank

Fixed Deposit Instant Credit Card

Yes

29.88%

ICICI Bank

All other cards

40.80%

Axis Bank

Insta Easy Card

Yes

34.49%

Axis Bank

Easy Card

Yes

34.49%

Axis Bank

MY Business

46.78%

Axis Bank

MY Zone

46.78%

Axis Bank

MY Choice

46.78%

Axis Bank

Platinum

46.78%

Axis Bank

Titanium Neo

46.78%

Axis Bank

Buzz

46.78%

Axis Bank

All other cards

41.75%

Citi Bank

All variants

39.00%

42.00%

Kotak Mahindra Bank

Feast Gold

42.00%

Kotak Mahindra Bank

Fortune Gold

42.00%

Kotak Mahindra Bank

Urbane Gold

42.00%

Kotak Mahindra Bank

Aqua Gold

Yes

35.88%

Kotak Mahindra Bank

Silk Inspire Platinum

Yes

35.88%

Kotak Mahindra Bank

PVR Gold

42.00%

Kotak Mahindra Bank

PVR Platinum

42.00%

Kotak Mahindra Bank

Royale Signature

40.08%

Kotak Mahindra Bank

Wealth Management

37.20%

Kotak Mahindra Bank

League Platinum

42.00%

Kotak Mahindra Bank

Delight Platinum

42.00%

Kotak Mahindra Bank

Essentia Platinum

42.00%

Kotak Mahindra Bank

Silk Inspire Platinum

42.00%

Kotak Mahindra Bank

Privy League Signature

29.88%

Standard Chartered Bank

Visa Infinite

37.20%

Standard Chartered Bank

Emirates World

37.20%

Standard Chartered Bank

Instant Card

Yes

23.88%

Standard Chartered Bank

All other cards

41.88%

American Express

Platinum

42.00%

American Express

Platinum Reserve

42.00%

American Express

All other cards

42.00%

IndusInd Bank

All variants

46.00%

Ratnakar Bank Limited (RBL)

All Unsecured Variants (No FD)

42.00%

Ratnakar Bank Limited (RBL)

All Secured Variants (FD)

Yes

30.00%

HSBC

All Variants

29.88%

J&K Bank

All Variants

27.00%

Punjab National Bank

All Unsecured Variants (No FD)

29.81%

Punjab National Bank

All Secured Variants (FD)

Yes

19.56%

Andhra Bank

Platinum

21.23%

41.75%

Andhra Bank

All other cards

34.49%

41.75%

Union Bank Of India

Usecure

Yes

15.60%

Union Bank Of India

All other cards

22.80%

YES Bank

All Variants

23.88%

Bank Of Baroda

Assure

Yes

19.20%

Bank Of Baroda

Titanium Master

30.00%

Bank Of Baroda

All other cards

31.20%

Central Bank of India

Aspire

Yes

18.00%

Central Bank of India

Gold

33.00%

Central Bank of India

Titanium

35.88%

Central Bank of India

Platinum

35.88%

Central Bank of India

World

42.00%

Corporation Bank

All Variants

30.00%

Syndicate Bank

All Variants

24.00%

Indian Overseas Bank

All Variants

24.00%

IDBI Bank

Aspire Platinum

34.80%

IDBI Bank

Royale Signature

30.00%

Tamilnad Mercantile Bank

All Variants

24.00%

Dhanalakshmi Bank

Gold

18.00%

Dhanalakshmi Bank

Platinum

24.00%

MAD=Minimum Amount Due

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