How does the availability of lower interest rate credit cards vary across different regions and countries?

The availability of lower interest rate credit cards can vary significantly across different regions and countries. In general, credit card interest rates tend to be higher in countries with less developed financial markets and regulatory frameworks. Additionally, some countries may have laws or regulations in place that limit the interest rates that credit card issuers can charge.

For example, in the United States, the interest rates on credit cards can vary widely depending on factors such as the cardholder's credit score and the type of card they have. According to a report by the Federal Reserve, the average credit card interest rate in the US was around 16% in 2020.

In some European countries, such as Germany, credit card usage is less common and interest rates tend to be lower. According to a report by the European Central Bank, the average interest rate on credit card debt in Germany was around 13% in 2019.

It's important to note that even within the same country, the availability and terms of lower interest rate credit cards can vary depending on the specific issuer and the cardholder's creditworthiness.