The present common bank card price for the general market is 17.93%. This is similar common as calculated final month; there have been no modifications to the charges on any of the bank cards we observe in computing the typical. Under you’ll discover present common charges in a number of card classes:
- The typical price for low curiosity bank cards with no rewards is 15.02%.
- The typical price for rewards bank cards is 17.88%.
- The typical price 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 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 authorised for a lot of playing cards. For instance, Chase could approve new holders of its Slate bank card at one in every of three price tiers: 12.99%, 17.99%, or 22.99%.
If you want additional details about our price calculations, or would love commentary on the present price marketplace for a information story, contact Adam Jusko, CEO of Credit Card Catalog, at firstname.lastname@example.org.