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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.
The average credit card debt in America is $5,982 as of July 2023, according to a new report from TransUnion®.Out of the 50 states, Alaska has the highest average credit card debt ($7,394), while ...
Rewards credit cards, cash-back cards, cards for students and cards for consumers with bad credit tend to have higher interest rates. The current national average for APR ranges between 23% and 24%.
The average credit card APR in early August was 15.13%, according to the Federal Reserve, while the APR for cards that carried a balance—meaning they weren’t paid in full by the payment due ...
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A credit card APR might be 15% or lower for cardholders with excellent credit scores or as high as 30% for ... 24% is just around the current national average APR being offered on credit cards.
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