GITNUX MARKETDATA REPORT 2024
Statistics About The Average Credit Card Interest
The average credit card interest rate in the United States is around 16%.
In this post, we will explore a detailed breakdown of credit card interest rates, providing key statistics on the different types of credit cards and the average rates associated with each. From the average interest rates for various consumer cards to insights on business and student credit cards, this analysis sheds light on the landscape of credit card interest rates in the United States as of 2021.
Statistic 1
"As of May 2021, the average American's interest rate on their credit card is 14.52%"
Statistic 2
"The average credit card interest rate for business credit cards is 14.22% in February 2021"
Statistic 3
"Credit cards with low-interest rates have an average rate of 12.99%"
Statistic 4
"The average credit card interest rate for cash back credit cards is 18.99%"
Statistic 5
"Bad credit consumer cards have an average interest rate of 24.43%"
Statistic 6
"The average interest rate for student credit cards is approximately 13.02%"
Statistic 7
"Balance transfer cards have an average interest rate of 14%"
Statistic 8
"In 2019, the average APR for all credit cards was 21.28%"
Statistic 9
"Cash back credit cards have average rates around 20.90%"
Statistic 10
"Retail store credit cards have an average interest rate of above 25%"
Statistic 11
"The average credit card interest rate for travel rewards cards is approximately 15.99%"
Statistic 12
"For new offers, the average credit card interest rate is between 17.87% and 23.87%"
Statistic 13
"Secured credit cards have an average interest rate of approximately 18.24%"
Statistic 14
"Airline credit cards have an average interest rate of around 15.99%"
Statistic 15
"The average interest rate for credit cards without rewards is 17.39%"
Statistic 16
"The average credit card interest rate is 19.24% for consumers with good to excellent credit scores"
Statistic 17
"The average interest rate for gas credit cards is approximately 23.61%"
Statistic 18
"For those who carry credit card debt, the average amount of interest paid annually is around $1,141"