US Bankcards Industry Benchmarking Trends: 2022 Q4 Update
Fico Collections
FEBRUARY 21, 2023
from November 2021 to November 2022) and the unemployment rate is expected to rise to 4.6% For example, the average interest rate on credit cards accruing interest in Q4 2022 was 20.40% compared to 16.44% in Q4 2021 (Source: Federal Reserve G.19 compared to December 2021 with average monthly spend staying flat.
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