- Revolving debt, which mostly includes credit card balances, jumped 8.2% in January, according to the Federal Reserve’s latest consumer credit report.
- Altogether, consumer debt, including student loans, auto loans and credit card debt, now stands at $5 trillion.
- Higher prices driven by tariffs could stretch household budgets even more in the months ahead, experts say.
https://www.cnbc.com/2025/03/10/consumer-credit-rose-to-5-trillion-in-january-fed-reports.html
This says average APR is 28%:
Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 28.72%.
The Federal Reserve also tracks U.S. consumers’ average credit card interest rates. As of November 2024, it reported that the average credit card interest rate on accounts with balances incurring interest was 22.80%.
Keep in mind that annual percentage rates (APRs) on credit cards vary widely, and the rate you qualify for may not resemble the national average. Factors such as your credit score, age, income and other personal and financial information can impact the APR a credit card issuer offers you in a cardholder agreement.
https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/