A good APR rate depends on the type of loan or credit you are applying for, as well as your creditworthiness and other factors. In general, a lower APR is better, as it means you will pay less in interest and fees over the life of the loan.
For credit cards, a good APR is typically in the range of 12% to 20%, although some credit cards may offer lower or higher rates depending on the cardholder’s credit score and other factors.
For personal loans, a good APR is typically in the range of 5% to 15%, although rates can vary depending on the lender and the borrower’s creditworthiness.
For mortgages, a good APR is typically in the range of 3% to 4%, although rates can vary depending on the type of mortgage, the lender, and the borrower’s creditworthiness.
It’s important to remember that APR is just one factor to consider when evaluating loan or credit offers. It’s also important to consider other factors, such as the length of the loan, the fees associated with the loan, and any other terms and conditions that may affect the total cost of borrowing. Ultimately, the best APR for you will depend on your individual financial situation and goals.