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Profitability of Credit Card Operations of Depository Institutions

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Figure 1. Quarterly average interest rates on credit card accounts

Percent

Period Interest rate, all card accounts Interest rate, card accounts assessed interest Two-year Treasury rate
1995:Q1 16.10 15.28 7.11
1995:Q2 16.14 16.26 6.17
1995:Q3 15.92 15.90 5.98
1995:Q4 15.81 15.74 5.48
1996:Q1 15.80 15.42 5.03
1996:Q2 15.44 15.33 6.10
1996:Q3 15.66 15.66 6.03
1996:Q4 15.62 15.52 5.70
1997:Q1 15.88 15.15 5.90
1997:Q2 15.74 15.72 6.28
1997:Q3 15.80 15.79 5.94
1997:Q4 15.76 15.74 5.71
1998:Q1 15.68 15.34 5.42
1998:Q2 15.65 15.70 5.59
1998:Q3 15.82 15.84 5.27
1998:Q4 15.67 15.73 4.54
1999:Q1 15.39 14.73 4.88
1999:Q2 15.19 14.94 5.25
1999:Q3 15.07 14.80 5.68
1999:Q4 15.12 14.78 5.86
2000:Q1 15.55 14.30 6.61
2000:Q2 15.60 14.76 6.81
2000:Q3 15.98 15.37 6.23
2000:Q4 15.99 15.26 5.88
2001:Q1 15.63 14.63 4.66
2001:Q2 15.06 14.65 4.26
2001:Q3 14.59 14.67 3.76
2001:Q4 14.21 13.90 2.78
2002:Q1 13.62 13.00 3.02
2002:Q2 13.53 13.36 3.26
2002:Q3 13.36 13.29 2.13
2002:Q4 13.11 12.78 1.92
2003:Q1 12.26 11.96 1.63
2003:Q2 12.12 12.89 1.42
2003:Q3 12.47 13.13 1.86
2003:Q4 12.35 12.93 1.93
2004:Q1 12.67 12.42 1.74
2004:Q2 12.69 12.93 2.53
2004:Q3 13.02 13.60 2.51
2004:Q4 12.51 13.92 2.85
2005:Q1 12.21 14.13 3.38
2005:Q2 12.77 14.81 3.64
2005:Q3 12.48 14.75 4.04
2005:Q4 12.58 14.49 4.42
2006:Q1 13.30 14.38 4.67
2006:Q2 13.16 14.77 4.97
2006:Q3 13.06 14.67 4.90
2006:Q4 13.31 15.09 4.74
2007:Q1 13.41 14.64 4.85
2007:Q2 13.46 14.47 4.77
2007:Q3 13.59 15.24 4.31
2007:Q4 12.75 14.38 3.34
2008:Q1 12.47 13.77 1.97
2008:Q2 11.88 13.51 2.45
2008:Q3 11.94 13.64 2.42
2008:Q4 12.03 13.36 1.21
2009:Q1 12.97 13.54 0.98
2009:Q2 13.32 14.43 0.93
2009:Q3 13.71 14.90 1.12
2009:Q4 13.60 14.37 0.80
2010:Q1 14.26 14.67 0.86
2010:Q2 13.84 14.48 0.83
2010:Q3 13.59 14.22 0.52
2010:Q4 13.44 13.67 0.45
2011:Q1 13.44 13.44 0.77
2011:Q2 12.89 13.06 0.56
2011:Q3 12.28 13.08 0.23
2011:Q4 12.36 12.78 0.25
2012:Q1 12.34 13.04 0.28
2012:Q2 12.06 12.76 0.29
2012:Q3 11.95 13.21 0.27
2012:Q4 11.88 12.81 0.27
2013:Q1 11.94 13.02 0.27
2013:Q2 11.95 12.76 0.25
2013:Q3 11.88 13.11 0.36
2013:Q4 11.85 12.89 0.30
2014:Q1 11.83 13.14 0.33
2014:Q2 11.83 12.74 0.39
2014:Q3 11.82 13.18 0.47
2014:Q4 11.99 13.68 0.53
2015:Q1 11.98 13.53 0.60
2015:Q2 12.04 13.49 0.61
2015:Q3 12.10 13.93 0.69
2015:Q4 12.22 13.70 0.84
2016:Q1 12.31 13.51 0.84
2016:Q2 12.16 13.35 0.77
2016:Q3 12.51 13.76 0.73
2016:Q4 12.41 13.61 1.01
2017:Q1 12.54 13.86 1.24
2017:Q2 12.77 14.00 1.30
2017:Q3 13.08 14.89 1.36
2017:Q4 13.16 14.99 1.69
2018:Q1 13.63 15.32 2.16
2018:Q2 14.14 15.54 2.48
2018:Q3 14.38 16.46 2.67
2018:Q4 14.73 16.86 2.8

Source: Federal Reserve Board, Form 2835a, Quarterly Report of Credit Card Plans.

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Last Update: July 29, 2019