Average Credit Card Rates – January 2015

average-card-ratesThe present common bank card charge for the general market is 17.94%, a slight lower from the 17.98% common charge calculated final month. A slight lower within the common charge for rewards bank cards accounts for the change this month; final month the common charge on rewards playing cards had made a major soar, so there may be flux within the class in the mean time. Beneath you’ll discover present common charges in a number of card classes:

  • The common charge for low curiosity bank cards with no rewards is 15.02%, no change from final month.
  • The common charge for rewards bank cards is 17.92%, a lower from final month’s 18.01% calculated common.
  • The common charge for division retailer / retail bank cards stays at 22.84%, because it was all through all of 2014.


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 firms 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 charge tiers at which shoppers could also be accredited for a lot of playing cards. For instance, Chase could approve new holders of its Slate bank card at one in all three charge tiers: 12.99%, 17.99%, or 22.99%.

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