The average credit card interest rate at credit unions was 11.61%, according to Sept. 29, 2017, data – the most recent available – from financial research firm.
It assumed credit card debt of $6,081, which is what the average household with revolving credit card debt owes, and an interest rate of 14.99 percent. ideally, you’ll want to make your payments in.
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The stats show that each UK household has an average of £2,688 unpaid on credit cards, with the Money Advice Service saying that 8.3m of us are over-indebted. Meanwhile, interest rates have continued.
After collecting data on all of the major credit cards in Singapore, our team at ValueChampion found that the average interest rate of credit cards in Singapore was about 25%. The highest interest rate was 28%, while the lowest rate we observed was about 15%.