Average Credit Card Rates – February 2015

average-card-ratesThe present common bank card fee for the general market is 17.99%, the very best common fee we’ve calculated previously yr. The 17,99% marks is a rise from final month’s 17.94% common fee. Rates of interest on rewards bank cards proceed to churn, however the total development is up. Beneath you’ll discover present common charges in a number of card classes:

  • The common fee for low curiosity bank cards with no rewards is 15.02%, no change from final month.
  • The common fee for rewards bank cards is 18,03%, up from 17.92% in January.
  • The common fee for division retailer / retail bank cards stays at 22.84%, because it has each month for the previous yr.


Credit Card Catalog computes these averages by monitoring a consultant pool of bank cards throughout all segments over time. Credit playing cards provided by main bank card corporations in addition to smaller banks are included, although extra weight is given to playing cards issued by the bigger banks that make up the overwhelming majority of bank cards in circulation.

In computing common charges, Credit Card Catalog makes an attempt to account for the a number of fee tiers at which shoppers could also be accepted for a lot of playing cards. For instance, Chase might approve new holders of its Slate bank card at considered one of three fee tiers: 12.99%, 17.99%, or 22.99%.

If you need additional details about our fee calculations, or would love commentary on the present fee marketplace for a information story, contact Adam Jusko, CEO of Credit Card Catalog, at adam@creditcardcatalog.com.