Average Credit Card Rates – December 2015

average-card-ratesThe present common bank card fee for the general market is 18.38%, a really slight uptick from final month’s 18.37% common fee. The slight improve is because of some adjustments to the speed constructions of a small variety of reward bank cards. Basically, the market has been secure for the previous Four months.

The typical fee right now final 12 months was 17.98%.

Beneath you’ll discover present common charges in a number of card classes:

  • The typical fee for low curiosity bank cards with no rewards stays at 15.73% this month. (Final 12 months’s common fee on this class was 15.02%.)
  • The typical fee for rewards bank cards has elevated to 18.56% from 18.55% in November. (Final 12 months’s common fee right now: 18.01%.)
  • The typical fee for division retailer / retail bank cards stays at 22.61% this month. (The retail bank card common, whereas very excessive, is definitely down from final 12 months right now, when a 22.84% fee was calculated.)


Credit Card Catalog computes these averages by monitoring a consultant pool of bank cards throughout all segments over time. Credit playing cards supplied 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 customers could also be authorized 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.

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