Commercial Bank Interest Rate on Credit Card Plans, All Accounts
TERMCBCCALLNS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.16
Year-over-Year Change
39.85%
Date Range
11/1/1994 - 5/1/2025
Summary
This economic indicator tracks the average interest rates charged by commercial banks on credit card plans across all account types. It provides critical insight into consumer borrowing costs and overall credit market conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The metric represents the blended interest rate for credit card lending, reflecting banks' pricing strategies and risk assessments. Economists use this trend to understand consumer credit dynamics and potential economic pressures.
Methodology
Data is collected through comprehensive bank reporting to the Federal Reserve, aggregating interest rates from various credit card portfolios.
Historical Context
Policymakers and financial analysts use this trend to assess consumer financial health, credit market trends, and potential monetary policy implications.
Key Facts
- Reflects average interest rates across all commercial bank credit card accounts
- Provides insight into bank lending strategies and consumer borrowing costs
- Influenced by Federal Reserve monetary policy and broader economic conditions
FAQs
Q: How do credit card interest rates impact consumers?
A: Higher rates increase borrowing costs, potentially reducing consumer spending and increasing financial strain. Lower rates can stimulate consumer credit and economic activity.
Q: What factors influence credit card interest rates?
A: Key factors include Federal Reserve benchmark rates, bank risk assessments, individual credit scores, and overall economic conditions.
Q: How frequently is this data updated?
A: The Federal Reserve typically updates this data monthly, providing a current snapshot of credit card lending trends.
Q: Why do economists track credit card interest rates?
A: These rates serve as a key indicator of consumer financial health, credit market conditions, and potential economic pressures.
Q: Are credit card rates the same for all consumers?
A: No, rates vary based on individual credit scores, bank policies, and overall market conditions, creating a range of possible interest rates.
Related Trends
Citation
U.S. Federal Reserve, Commercial Bank Interest Rate on Credit Card Plans, All Accounts [TERMCBCCALLNS], retrieved from FRED.
Last Checked: 8/1/2025