What is the Average Interest Rates on Credit Cards?

ByPrimary Researcher

Executive Summary

  • The interest rates on credit cards are a major factor in personal debt interest overhead.

Introduction

Credit cards have a high average interest rate. This is covered in the following quotation. “By 2016, US credit card debt had reached $1 trillion and add an average annual rate of 18.76%.” – Banking on the People

Source: Banking on the People

https://www.amazon.com/Banking-People-Democratizing-Money-Digital-ebook/dp/B07R3F6ZX7/