Large Bank Consumer Credit Card Balances: Average Purchase APR: General Purpose

The average purchase (nonpromotional) APR for active general purpose credit card accounts using the APR reported at quarter end. Any reported values below 5 percent are assumed to be promotional APRs and are therefore excluded. Active credit card accounts are defined as credit card accounts that are open and have had debit, credit, or balance activity in the last 12 months. For more detail see the methodology (https://sc103-philfed-prod-cm.sitecore-prod-ase4.appserviceenvironment.net/surveys-and-data/y14-methodology).