Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
What is the average credit card interest rate in the United States? I dug up the answer and right now it's 13.81%. If it is supposed to be 13% that leaves it still almost 1% higher than it should be.
On one hand I believe credit card rates should be lower on average (10% and under) but then when I think about it that would probably only encourage debt and cause people to spend more if it was that APR for everyone.
By the way UK cards look to run about 4% higher on average than American cards.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
Current Cards: American Express:
Blue Cash, Simply Cash Bank of America:
WorldPoints Platinum Plus Chase:
Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi:
Thank You Premier, Dividend Platinum Select Discover:
MorePrimary Everyday Card: American Express Blue CashPrimary Travel Card: Chase Sapphire Preferred