Average Credit Card Rates – July, 2014

average-card-ratesThe present common bank card fee for the general market is 17.71%, a drop from final month’s common of 17.80%.

  • The typical fee for low curiosity bank cards with no rewards is 14,41%, down from 14.49% final month. (However really a return to the very same common we calculated in Could for this sector.)
  • The typical fee for rewards bank cards is 17.70%, down from 17.85% final month.
  • The typical fee for division retailer / retail bank cards stays at 22.84%, because it has been all through 2014.

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 permitted for a lot of playing cards. For instance, Chase could approve new holders of its Slate bank card at one in all 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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