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Board of Governors of the Federal Reserve System
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Report to the Congress on the Profitability of Credit
Card Operations of Depository Institutions

 

Figure 1. Average interest rates on credit card accounts
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

Source: Federal Reserve, Quarterly Report of Credit Card Interest Rates

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Last update: November 5, 2015

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