Average Credit Card Rates – June 2014

average-card-ratesThe present common bank card fee for the general market is 17.80%. Might’s common was 17.69%, so we noticed some small will increase over the course of the final month.

  • The typical fee for low curiosity bank cards with no rewards is 14,49%, up from 14.41% final month.
  • The typical fee for rewards bank cards is 17.85%, up from 17.66%.
  • The typical fee for division retailer / retail bank cards is 22.84%. (No change since final month.)

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

If you want 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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