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According to the Consumer Financial Protection Bureau (CFPB), the average credit card APR has nearly doubled over the past decade, climbing from 12.9% in 2013 to 22.8% in 2023.
At the same time, the average credit card APR in 2023 was a whopping 22.8%. That's the highest these rates have been since the Federal Reserve started collecting this data back in 1994. (Since ...
The average credit card APR is about 23%, according to November 2023 Federal Reserve data, which means the average $6,501 balance would accrue about $112 in interest each month.
Credit card interest rates can fluctuate, and rates are currently on the rise: The average credit card interest rate has increased over a six-month period in 2022, from 16.17% to 16.65%, according ...
The average credit card interest rate in the United States is 22.76% on existing credit card accounts, according to the latest data from the Federal Reserve. With the average American household ...
The average credit card APR has swelled from 22.8% in 2023 to about 12.9% in late 2013, according to the bureau. Those rates are at their highest level since the Federal Reserve started gathering ...
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