With
the average national credit card interest rate hovering around 15.07 %, it's no surprise why so many people may find themselves in debt.
Not exact matches
They find that New York, New Jersey and Connecticut have higher balances, on
average, for mortgages, home equity lines of
credit (HELOC), student loans and
credit cards compared to the
national average.
People with excellent
credit may receive an interest rate between 10.3 % and 12.5 % on a personal loan, which is lower than the
national average credit card rate of 16.41 %.
Roll rates in
National Bank of Canada's Canadian
Credit Card Trust program are at the highest since 2008, while for CIBC's
CARDS II program, early stage delinquencies, 60 - 89 day delinquencies and roll rates are all above the 10 - year
average, Selot said.
Who knows what the the
average APR is on these accounts, but let's assume the current
national average APR for new
credit card accounts: 15 %.
People with excellent
credit may receive an interest rate between 10.3 % and 12.5 % on a personal loan, which is lower than the
national average credit card rate of 16.41 %.
In the fourth quarter of 2008, Alaskans had an
average credit card debt of $ 7,466, compared with a
national average of $ 5,729, according to a report by TransUnion.
The
national average for a home equity loan is 6.36 percent as of early 2012, while the rate for a HELOC is 5.22 percent — both well below the
average credit card.
The
national average credit card limit per
credit card across all U.S. consumers regardless of their
credit score was found to be $ 1,110.
According to data from the
National Credit Union Administration, the average interest rate of a regular credit card from a credit union was 11.61 percent as of September
Credit Union Administration, the
average interest rate of a regular
credit card from a credit union was 11.61 percent as of September
credit card from a
credit union was 11.61 percent as of September
credit union was 11.61 percent as of September 2017.
The current
national average credit card debt per person exceeds $ 9,000.
So how does the typical American household avoid the
national credit card debt
average of over $ 10,000 per household?
The lack of
credit card debt helped boost the profile of several states, with six in the top 10 boasting
average household debt balances below the
national average of $ 5,116.
This is 40 percent lower than the
national average of $ 2,450 in
credit card debt.
This information was gathered on 7/11/17 from creditcards.com/
Average credit card APR and
Average national rate report.
According to the
National Credit Union Administration, the average annual interest rate for credit cards issued by credit unions is 11.56 %, while for those issued by banks is 12
Credit Union Administration, the
average annual interest rate for
credit cards issued by credit unions is 11.56 %, while for those issued by banks is 12
credit cards issued by
credit unions is 11.56 %, while for those issued by banks is 12
credit unions is 11.56 %, while for those issued by banks is 12.87 %.
The
national average credit card debt is growing every day, and it's reached record highs in recent months.
But there are lingering problems with
credit card debt and
credit scores that surpass the
national average.
The
average APR mentioned at the start of this article (14.95 %) was a
national average across all types of
credit cards.
There are discrepancies in the statistics from various
credit -
card debt studies, but they agree that Texas is lagging behind the
national average.
Still, Florida residents have more
credit -
card debt and lower
credit scores than the
national average.
California borrowers
averaged $ 5,196 in
credit card debt during the first quarter of 2015, close to the
national average of $ 5,143, according to TransUnion, the
credit rating agency.
In 2017, on
average, Colorado residents held 2.5
credit cards with balances of $ 6,018 compared to the
national average of 2.35
credit cards with
average balances of $ 5,551.
Assuming the
national average interest rate of 15 % on your expensive
credit card, and a 0 % transfer offer that's good for 12 months on your other
card, you could save over $ 2,000 in one year, after fees.
Their
average home mortgage is $ 52,380, and their
credit card debt is $ 3,650, higher than the
national average by 65 % and 25 %, respectively.
Experian, a
credit bureau specializing in consumer
credit reporting, scoring and financial services, released a survey indicating that San Antonio, Texas is the city with the most per capita consumer
credit card debt with an
average of $ 5,177 in
credit card debt as compared to the
national average of $ 4,200 as of December 2010.
Still, residents have more
credit card debt and lower
credit scores than the
national average.
People seeking
credit counseling in 2012 — meaning they had hit financial difficulties — had nearly seven cards, on average, and unsecured debt of $ 24,000, according to the National Foundation for Credit Counseling, based on the experience of its member age
credit counseling in 2012 — meaning they had hit financial difficulties — had nearly seven
cards, on
average, and unsecured debt of $ 24,000, according to the
National Foundation for
Credit Counseling, based on the experience of its member age
Credit Counseling, based on the experience of its member agencies.
The Federal Reserve, which runs the
national banking system, is a natural place to start looking for the
average credit card balance.
With the top 3 banks outstanding balance of about 450 billion dollars at an
national average of 15 % thats like 67 billion return for the banks just on
credit cards.
Compare that against the
national average for
credit cards, which was 16.67 for the same time period.
The
national average credit card annual percentage rate (APR) rose slightly to 14.15 percent, the highest level since tracking began in 2007.
Average card APR remains at record high of 15.42 percent: CreditCards.com Weekly Credit Card Rate Report — Jan. 25, 2017: The national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate
Average card APR remains at record high of 15.42 percent: CreditCards.com Weekly Credit Card Rate Report — Jan. 25, 2017: The national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR remains at record high of 15.42 percent: CreditCards.com Weekly
Credit Card Rate Report — Jan. 25, 2017: The national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
Card Rate Report — Jan. 25, 2017: The
national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate
average APR on new
card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers remained at a record high this week, according to the CreditCards.com Weekly
Credit Card Rate Rep
Card Rate Report.
Simply call your
credit card company and request a rate that is at least 2 % below the
national average.
Rate survey:
Average card APR climbs to record high of 16.11 percent — July 26, 2017: The national average APR for new credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate
Average card APR climbs to record high of 16.11 percent — July 26, 2017: The national average APR for new credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR climbs to record high of 16.11 percent — July 26, 2017: The
national average APR for new credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate
average APR for new
credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate R
credit cards smashed another record this week, according to the CreditCards.com Weekly
Credit Card Rate R
Credit Card Rate Rep
Card Rate Report.
Survey:
Average card APR climbs to record high of 15.50 % — Feb. 15, 2017: The national average APR on new card offers climbed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate
Average card APR climbs to record high of 15.50 % — Feb. 15, 2017: The national average APR on new card offers climbed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR climbs to record high of 15.50 % — Feb. 15, 2017: The
national average APR on new card offers climbed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate
average APR on new
card offers climbed to another record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers climbed to another record high this week, according to the CreditCards.com Weekly
Credit Card Rate Rep
Card Rate Report.
Average card APR rises to all - time high of 15.59 percent: Weekly Credit Card Rate Report — March 22, 2017: The national average APR on new credit card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly Credit Card Rate Report... (Se
Average card APR rises to all - time high of 15.59 percent: Weekly Credit Card Rate Report — March 22, 2017: The national average APR on new credit card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
card APR rises to all - time high of 15.59 percent: Weekly
Credit Card Rate Report — March 22, 2017: The national average APR on new credit card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly Credit Card Rate Report... (See
Credit Card Rate Report — March 22, 2017: The national average APR on new credit card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
Card Rate Report — March 22, 2017: The
national average APR on new credit card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly Credit Card Rate Report... (Se
average APR on new
credit card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly Credit Card Rate Report... (See
credit card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
card offers climbed to another all - time high this week, reaching 15.59 percent, according to the CreditCards.com Weekly
Credit Card Rate Report... (See
Credit Card Rate Report... (See A
Card Rate Report... (See APRs)
Rate survey:
Average card APR holds steady at record 15.44 % — Feb. 8, 2017: The national average APR on new credit card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate
Average card APR holds steady at record 15.44 % — Feb. 8, 2017: The national average APR on new credit card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR holds steady at record 15.44 % — Feb. 8, 2017: The
national average APR on new credit card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate
average APR on new
credit card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate R
credit card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers remained at a record high this week, according to the CreditCards.com Weekly
Credit Card Rate R
Credit Card Rate Rep
Card Rate Report.
Rate survey:
Average card APR climbs to record high of 15.63 percent — March 29, 2017: The national average APR on new card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate
Average card APR climbs to record high of 15.63 percent — March 29, 2017: The national average APR on new card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR climbs to record high of 15.63 percent — March 29, 2017: The
national average APR on new card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate
average APR on new
card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly
Credit Card Rate Rep
Card Rate Report.
Average card APR remains at 15.51 percent for second week: CreditCards.com Weekly Credit Card Rate Report — March 15, 2017: The national average APR on new card offers stayed put this week, according to the CreditCards.com Weekly Credit Card Rate Report... (Se
Average card APR remains at 15.51 percent for second week: CreditCards.com Weekly Credit Card Rate Report — March 15, 2017: The national average APR on new card offers stayed put this week, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
card APR remains at 15.51 percent for second week: CreditCards.com Weekly
Credit Card Rate Report — March 15, 2017: The national average APR on new card offers stayed put this week, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
Card Rate Report — March 15, 2017: The
national average APR on new card offers stayed put this week, according to the CreditCards.com Weekly Credit Card Rate Report... (Se
average APR on new
card offers stayed put this week, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
card offers stayed put this week, according to the CreditCards.com Weekly
Credit Card Rate Report... (See A
Card Rate Report... (See APRs)
Rate survey:
Average card APR climbs to all - time high of 15.96 percent — June 21, 2017: The national average APR for new credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate
Average card APR climbs to all - time high of 15.96 percent — June 21, 2017: The national average APR for new credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR climbs to all - time high of 15.96 percent — June 21, 2017: The
national average APR for new credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate
average APR for new
credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate R
credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers set a new record this week after multiple
card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate Rep
card issuers increased rates, according to the CreditCards.com Weekly
Credit Card Rate R
Credit Card Rate Rep
Card Rate Report.
Rate survey:
Average card APR falls to 15.77 percent — May 24, 2017: The national average APR for new card offers dropped to a four - week low Wednesday, according to the CreditCards.com Weekly Credit Card Rate
Average card APR falls to 15.77 percent — May 24, 2017: The national average APR for new card offers dropped to a four - week low Wednesday, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR falls to 15.77 percent — May 24, 2017: The
national average APR for new card offers dropped to a four - week low Wednesday, according to the CreditCards.com Weekly Credit Card Rate
average APR for new
card offers dropped to a four - week low Wednesday, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers dropped to a four - week low Wednesday, according to the CreditCards.com Weekly
Credit Card Rate Rep
Card Rate Report.
Rate survey:
Average card APR climbs to record high of 15.63 percent — March 29, 2017: The national average APR on new card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate
Average card APR climbs to record high of 15.63 percent — March 29, 2017: The national average APR on new card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR climbs to record high of 15.63 percent — March 29, 2017: The
national average APR on new card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate
average APR on new
card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers inched closer to 16 percent this week, reaching a record high of 15.63 percent, according to the CreditCards.com Weekly
Credit Card Rate Rep
Card Rate Report.
Average card APR remains at record high of 15.42 percent: CreditCards.com Weekly Credit Card Rate Report — Jan. 25, 2017: The national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate
Average card APR remains at record high of 15.42 percent: CreditCards.com Weekly Credit Card Rate Report — Jan. 25, 2017: The national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR remains at record high of 15.42 percent: CreditCards.com Weekly
Credit Card Rate Report — Jan. 25, 2017: The national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
Card Rate Report — Jan. 25, 2017: The
national average APR on new card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate
average APR on new
card offers remained at a record high this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers remained at a record high this week, according to the CreditCards.com Weekly
Credit Card Rate Rep
Card Rate Report.
Rate survey:
Average card APR climbs to record high of 16.11 percent — July 26, 2017: The national average APR for new credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate
Average card APR climbs to record high of 16.11 percent — July 26, 2017: The national average APR for new credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR climbs to record high of 16.11 percent — July 26, 2017: The
national average APR for new credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate
average APR for new
credit cards smashed another record this week, according to the CreditCards.com Weekly Credit Card Rate R
credit cards smashed another record this week, according to the CreditCards.com Weekly
Credit Card Rate R
Credit Card Rate Rep
Card Rate Report.
Credit card interest rates hold at 14.87 % for third week — March 11, 2015: The national average APR for new card offers remained unchanged Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report... (See Rate rep
card interest rates hold at 14.87 % for third week — March 11, 2015: The
national average APR for new
card offers remained unchanged Wednesday, according to the CreditCards.com Weekly Credit Card Rate Report... (See Rate rep
card offers remained unchanged Wednesday, according to the CreditCards.com Weekly
Credit Card Rate Report... (See Rate rep
Card Rate Report... (See Rate report)
Rate survey:
Average card APR climbs to all - time high of 15.96 percent — June 21, 2017: The national average APR for new credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate
Average card APR climbs to all - time high of 15.96 percent — June 21, 2017: The national average APR for new credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate Rep
card APR climbs to all - time high of 15.96 percent — June 21, 2017: The
national average APR for new credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate
average APR for new
credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate R
credit card offers set a new record this week after multiple card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate Rep
card offers set a new record this week after multiple
card issuers increased rates, according to the CreditCards.com Weekly Credit Card Rate Rep
card issuers increased rates, according to the CreditCards.com Weekly
Credit Card Rate R
Credit Card Rate Rep
Card Rate Report.
The
national average annual percentage rate (APR) on new
credit card offers climbed to 14.34 percent, according to the CreditCards.com Weekly Credit Card Rate Report, lifted by Capital One's rate
credit card offers climbed to 14.34 percent, according to the CreditCards.com Weekly Credit Card Rate Report, lifted by Capital One's rate hi
card offers climbed to 14.34 percent, according to the CreditCards.com Weekly
Credit Card Rate Report, lifted by Capital One's rate
Credit Card Rate Report, lifted by Capital One's rate hi
Card Rate Report, lifted by Capital One's rate hikes.
Average card APR climbs to all - time high of 15.83 percent: CreditCards.com Weekly Credit Card Rate Report — June 7, 2017: The national average APR for new card offers reached another all - time high this week, according to the CreditCards.com Weekly Credit Card Rate Report... (Se
Average card APR climbs to all - time high of 15.83 percent: CreditCards.com Weekly Credit Card Rate Report — June 7, 2017: The national average APR for new card offers reached another all - time high this week, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
card APR climbs to all - time high of 15.83 percent: CreditCards.com Weekly
Credit Card Rate Report — June 7, 2017: The national average APR for new card offers reached another all - time high this week, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
Card Rate Report — June 7, 2017: The
national average APR for new card offers reached another all - time high this week, according to the CreditCards.com Weekly Credit Card Rate Report... (Se
average APR for new
card offers reached another all - time high this week, according to the CreditCards.com Weekly Credit Card Rate Report... (See A
card offers reached another all - time high this week, according to the CreditCards.com Weekly
Credit Card Rate Report... (See A
Card Rate Report... (See APRs)
American Express boosts
national average credit card interest rate — American Express this week raised annual percentage rates on several of its
card offers, pushing the
national average APR higher for the third time in four weeks.