US Bankcards Industry Benchmarking Trends: 2023 Q1 Update
FICO
JUNE 1, 2023
Inflation (the year-over-year comparison of the Consumer Price Index) continued to slow in March to 5%; however, prices continue to rise month-over-month. Compared to Q4 2021, the average interest rate on general purpose credit cards has increased nearly 800 basis points (Source: Federal Reserve G.19 year-over-year.
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