Composite interference-fit joints have attracted much attention because they can effectively reduce the stress concentration around the holes during loading. In this paper, the load-bearing mechanism and strength of a typical double-lap structure under static load are studied through experiment and finite element method. In order to eliminate the influence of bending moment and other factors, a special fixture was designed to study the damage failure mechanism of CFRP interference fit joint under pure tension. The finite element model of CFRP interference fit double lap structure considering both intralaminar and interlaminar damages was established with ABAQUS user subroutine and cohesive element. The damage propagation mechanism during loading process is revealed and the ultimate bearing strength is predicted by comparing the results of experiment and finite element model.