Description:
This report collects information on two measures of credit card interest rates. One measure is the average nominal finance rate for all accounts. The other -- average computed interest rates -- is derived from two items: total finance charges assessed to cardholders during the period and the total of balances on which the finance charges were determined. Also, the reporting form asks for total number of accounts and total balances for all accounts.

Subjects:
Consumer Credit

Audiences:
Commercial Banks

Publication:
Aggregate data are published in the monthly Consumer Credit (G.19) statistical release.