Average Credit Card Rates – June 2015

average-card-ratesThe present common bank card price for the general market is 18.30%, a big soar from final month’s 18.18% common (which itself was the very best common we’d calculated prior to now 12 months). By comparability, the common price right now final 12 months was 17.80%, half a proportion decrease (50 foundation factors). Under you’ll discover present common charges in a number of card classes:

  • The common price for low curiosity bank cards with no rewards jumped to 15.67%, up from 15.56% final month. (Final 12 months’s common price on this class was simply 14.49%; making this a key driver of price adjustments in right now’s market.)
  • The common price for rewards bank cards is 18.47% a rise from final month’s 18.29% price. (Final 12 months’s common price right now: 17.85%.)
  • The common price for division retailer / retail bank cards is 22.55%, unchanged 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 supplied 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 price tiers at which customers could also be accredited for a lot of playing cards. For instance, Chase could approve new holders of its Slate bank card at considered one of three price tiers: 12.99%, 17.99%, or 22.99%.

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

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