Commercial bank interest rates on credit card plans in the United States were over *** percent higher in early 2025 than in the same period in 2022. In February 2025, the interest amount on credit card plans amounted to ***** percent. Alongside this development, the overall amount of credit card debt in the U.S. reached an all-time high in Q4 2023. Credit cards are considered one of the most common ways to pay in the United States, so potential changes on credit card debt are closely tied to both the inflation figure and central bank interest rate of the country.

Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, All Accounts from Nov 1994 to May 2025 about consumer credit, credit cards, loans, consumer, interest rate, banks, interest, depository institutions, rate, and USA.

While interest rates in the United States declined three times by late 2024, average credit card interest rates did not immediately follow suit. This reveals itself when comparing the Federal Reserve interest rate against the APR, or annual percentage rates, of credit cards issued by commercial banks. The APR reached a record high in the country in 2024, likely adding to the growing credit card debt in the United States. This was below the APR of credit cards in a country like Brazil, however. It is expected that the credit card interest rates will continue to need time to catch up with the Fed interest rate.

United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest was 21.91% in February of 2025, according to the United States Federal Reserve. Historically, United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest reached a record high of 23.37 in August of 2024 and a record low of 11.96 in February of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Commercial Bank Interest Rate on Credit Card Plans, Accounts Assessed Interest - last updated from the United States Federal Reserve on June of 2025.

A revolving credit card in Brazil had an average of APR that was over *** percent, as the country dealt with inflation and a lack of credit card regulation. This is according to information from the country's central bank, which tracked the Annual Percentage Rate or APR for both installment credit cards and revolving credit cards. The interest rates in Brazil are sizable: Out of 63 regulated institutions that deal with credit cards in the country, only ***** had an APR that was below 100 percent. This 100 percent is part of a proposal in late 2023 to impose of a maximum interest rate. Credit cards long ranked as Brazil's most popular payment method for online shopping.

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This statistic presents the average credit card interest rate in Latin America in 2018, sorted by selected countries. The highest interest rate among the countries shown was found in Brazil, with an average interest of ***** percent. Argentina came in second, with ****** percent.

The interest rate for credit cards in the UK grew to an all-time high in May 2025, even though the base rate for the Bank of England grew at a slower pace that month. Credit card interest rates tend to be significantly higher than other forms of lending, and the United Kingdom is no exception to this. By May 2025, the average interest rate had increased to ***** percent. The Bank of England base rate stood at **** percent since April 2025 – which was not yet the highest value observed. Nevertheless, the central bank's interest rate grew slower than that of credit cards.

Credit Card Interest Rate: Average data was reported at 21.178 % pa in 2024. This records an increase from the previous number of 21.162 % pa for 2023. Credit Card Interest Rate: Average data is updated yearly, averaging 20.330 % pa from Dec 1999 (Median) to 2024, with 26 observations. The data reached an all-time high of 21.980 % pa in 2008 and a record low of 17.020 % pa in 2000. Credit Card Interest Rate: Average data remains active status in CEIC and is reported by Central Bank of Bahrain. The data is categorized under Global Database’s Bahrain – Table BH.M005: Credit Cards Interest Rate.

Graph and download economic data for Net Percentage of Domestic Banks Increasing Spreads of Interest Rates Over Banks' Cost of Funds on Credit Card Loans (SUBLPDCLCTSNQ) from Q1 1996 to Q2 2025 about funds, cost, credit cards, spread, domestic, Net, percent, loans, interest rate, banks, interest, depository institutions, rate, and USA.

Concept: Average interest rate from new credit operations, established under market conditions and taken in the reference period. The rate is weighted by the value of operations. Excludes operations with regulated rates, operations with funds from the National Bank for Economic and Social Development (BNDES) or any operations with government funds or funds with mandatory destination. Source: Central Bank of Brazil – Statistics Department 25479-month-average-interest-rate-of-nonearmarked-new-credit-operations---households---credit-card- 25479-month-average-interest-rate-of-nonearmarked-new-credit-operations---households---credit-card-

In the third quarter of 2024, large banks in the United States were increasing their interest rate spreads on credit card loans significantly more than other domestic banks. The percentage of large banks increasing their interest rate spread on credit cards minus the percentage of those decreasing that spread was *** percent, which means that there were significantly more banks of that size increasing their spread on those rates.

Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data was reported at 84.860 % pa in Mar 2025. This records an increase from the previous number of 83.890 % pa for Feb 2025. Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data is updated monthly, averaging 39.390 % pa from Jul 2002 (Median) to Mar 2025, with 273 observations. The data reached an all-time high of 125.950 % pa in Mar 2024 and a record low of 25.660 % pa in May 2007. Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M006: Lending Rate: Non Financial Private Sector.

Mexico Interest Rates on Household Credit: Credit Card data was reported at 35.680 % pa in Aug 2009. This records a decrease from the previous number of 36.380 % pa for Jul 2009. Mexico Interest Rates on Household Credit: Credit Card data is updated monthly, averaging 34.205 % pa from Jan 2004 (Median) to Aug 2009, with 68 observations. The data reached an all-time high of 41.870 % pa in Dec 2008 and a record low of 31.390 % pa in Apr 2007. Mexico Interest Rates on Household Credit: Credit Card data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Household Credit Interest Rates.

The size of the US Payment Cards Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.00">> 6.00% during the forecast period. U.S. payment cards refer to cards issued by financial institutions in the United States that enable users to conduct financial transactions, including purchases, bill payments, and money transfers. These cards come in various forms, such as credit cards, debit cards, and prepaid cards. Each type of card functions differently: credit cards allow users to borrow money up to a certain limit and pay it back with or without interest; debit cards enable direct access to funds from the user’s bank account; and prepaid cards require the user to load funds onto the card before using it for purchases. Credit cards are widely used in the U.S. and offer revolving credit, where users can carry a balance from month to month. They often come with benefits like rewards programs, travel perks, and fraud protection. However, they also come with potential drawbacks, such as high-interest rates if balances are not paid in full. Debit cards, linked directly to a checking or savings account, are used to withdraw money from ATMs or to make purchases, with the transaction amount deducted immediately from the account. Prepaid cards are similar to debit cards but require users to load money onto the card before spending it. Recent developments include: On June 2022, Global digital payments firm Visa and Safaricom, the operator of the M-Pesa mobile money product, have today launched a virtual card, enabling millions of M-Pesa users to make digital payments globally including the US region. The virtual card will enable 30 million M-Pesa users to make cashless payments at Visa's global network of merchants. Users can activate the virtual card through the M-Pesa mobile app or by USSD., On April 2022, American Express Partners with Billtrust to offer suppliers a solution to accounts receivable challenges. B2B accounts receivable automation and integrated payments leader, to enable suppliers to streamline acceptance of American Express virtual cards. With this integration, suppliers will have the ability to automate and accelerate virtual card payments from customers while receiving a real-time view of their outstanding invoices and current cash flow.. Key drivers for this market are: Usage of Credit Card give the bonus and reward points. Potential restraints include: Interest rates on Credit Card. Notable trends are: Increase in the Penetration of Internet in the USA.

Different credit card issuers have different revolving credit interest rates.

Argentina Lending Rate: Domestic Currency: Personal Loan & Credit Card System: Personal: More 180 days data was reported at 65.890 % pa in Mar 2025. This records a decrease from the previous number of 65.980 % pa for Feb 2025. Argentina Lending Rate: Domestic Currency: Personal Loan & Credit Card System: Personal: More 180 days data is updated monthly, averaging 37.560 % pa from Jan 2002 (Median) to Mar 2025, with 279 observations. The data reached an all-time high of 132.770 % pa in Dec 2023 and a record low of 23.530 % pa in Jun 2006. Argentina Lending Rate: Domestic Currency: Personal Loan & Credit Card System: Personal: More 180 days data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M006: Lending Rate: Non Financial Private Sector.

Lending Rate: per Annum: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills: Banco Commercial Investment Trus data was reported at 0.000 % pa in 03 Jul 2019. This stayed constant from the previous number of 0.000 % pa for 02 Jul 2019. Lending Rate: per Annum: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills: Banco Commercial Investment Trus data is updated daily, averaging 0.000 % pa from Jan 2012 (Median) to 03 Jul 2019, with 1867 observations. The data reached an all-time high of 0.000 % pa in 03 Jul 2019 and a record low of 0.000 % pa in 03 Jul 2019. Lending Rate: per Annum: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills: Banco Commercial Investment Trus data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MB038: Lending Rate: per Annum: by Banks: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills. Lending Rate: Daily: Interest rates disclosed represent the total cost of the transaction to the client, also including taxes and operating. These rates correspond to the average fees in the period indicated in the tables. There are presented only institutions that had granted during the period determined. In general, institutions practicing different rates within the same type of credit. Thus, the rate charged to a customer may differ from the average. Several factors such as the time and volume of the transaction, as well as the guarantees offered, explain the differences between interest rates. Certain institutions grant allowance of the use of the term overdraft. However, this is not considered in the calculation of rates of this type. It should be noted that the overdraft is a modality that has high interest rates. Thus, its use should be restricted to short periods. If the customer needs resources for a longer period, should find ways to offer lower rates. The Brazilian Central Bank publishes these data with a delay about 20 days with relation to the reference period, thus allowing sufficient time for all Financial Institutions to deliver the relevant information. Interest rates presented in this set of tables correspond to averages weighted by the values of transactions conducted in the five working days specified in each table. These rates represent the average effective cost of loans to customers, consisting of the interest rates actually charged by financial institutions in their lending operations, increased tax burdens and operational incidents on the operations. The interest rates shown are the average of the rates charged in the various operations performed by financial institutions, in each modality. In one discipline, interest rates may differ between customers of the same financial institution. Interest rates vary according to several factors, such as the value and quality of collateral provided in the operation, the proportion of down payment operation, the history and the registration status of each client, the term of the transaction, among others . Institutions with “zero” did not operate on modalities for those periods or did not provide information to the Central Bank of Brazil. The Central Bank of Brazil assumes no responsibility for delay, error or other deficiency of information provided for purposes of calculating average rates presented in this

As of February 2025, the value of credit card transactions in Indonesia amounted to ***** trillion Indonesian rupiah. The credit card transaction value in Indonesia decreased in 2020 due to the COVID-19 crisis. However, since May 2020, Indonesia's central bank has cut the maximum credit card interest rate from **** to * percent per month to boost Indonesia's economic recovery from the crisis.

Lending Rate: per Annum: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills: BES Investimento do Brasil S.A. Banco de Investimento data was reported at 0.000 % pa in 03 Jul 2019. This stayed constant from the previous number of 0.000 % pa for 02 Jul 2019. Lending Rate: per Annum: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills: BES Investimento do Brasil S.A. Banco de Investimento data is updated daily, averaging 0.000 % pa from Jan 2012 (Median) to 03 Jul 2019, with 1867 observations. The data reached an all-time high of 0.000 % pa in 03 Jul 2019 and a record low of 0.000 % pa in 03 Jul 2019. Lending Rate: per Annum: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills: BES Investimento do Brasil S.A. Banco de Investimento data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MB038: Lending Rate: per Annum: by Banks: Pre-Fixed: Corporate Entities: Prepaid Credit Card Bills. Lending Rate: Daily: Interest rates disclosed represent the total cost of the transaction to the client, also including taxes and operating. These rates correspond to the average fees in the period indicated in the tables. There are presented only institutions that had granted during the period determined. In general, institutions practicing different rates within the same type of credit. Thus, the rate charged to a customer may differ from the average. Several factors such as the time and volume of the transaction, as well as the guarantees offered, explain the differences between interest rates. Certain institutions grant allowance of the use of the term overdraft. However, this is not considered in the calculation of rates of this type. It should be noted that the overdraft is a modality that has high interest rates. Thus, its use should be restricted to short periods. If the customer needs resources for a longer period, should find ways to offer lower rates. The Brazilian Central Bank publishes these data with a delay about 20 days with relation to the reference period, thus allowing sufficient time for all Financial Institutions to deliver the relevant information. Interest rates presented in this set of tables correspond to averages weighted by the values of transactions conducted in the five working days specified in each table. These rates represent the average effective cost of loans to customers, consisting of the interest rates actually charged by financial institutions in their lending operations, increased tax burdens and operational incidents on the operations. The interest rates shown are the average of the rates charged in the various operations performed by financial institutions, in each modality. In one discipline, interest rates may differ between customers of the same financial institution. Interest rates vary according to several factors, such as the value and quality of collateral provided in the operation, the proportion of down payment operation, the history and the registration status of each client, the term of the transaction, among others . Institutions with “zero” did not operate on modalities for those periods or did not provide information to the Central Bank of Brazil. The Central Bank of Brazil assumes no responsibility for delay, error or other deficiency of information provided for purposes of calculating average rates presented in this