According to the Reserve Bank of Australia, the average standard credit card rate was 19.94% in Aug 2021.
Year
Standard credit card rate
Cash rate
Aug-00
16.64%
6.25%
Aug-01
16.01%
5.00%
Aug-02
4.75%
Aug-03
Aug-04
16.51%
5.25%
Aug-05
16.80%
5.50%
Aug-06
17.32%
6.00%
Aug-07
18.12%
6.50%
Aug-08
19.92%
7.25%
Aug-09
17.97%
3.00%
Aug-10
19.52%
4.50%
Aug-11
19.69%
Aug-12
19.59%
3.50%
Aug-13
19.55%
2.50%
Aug-14
19.77%
Aug-15
2.00%
Aug-16
1.50%
Aug-17
Aug-18
Aug-19
19.94%
1.00%
Aug-20
0.25%
Aug-21
0.10%
"Standard refers to standard Visa and MasterCard accounts with an interest-free period. Prior to February 2006, the standard credit card series also included Bankcard rates. ‘Credit cards – Low rate’ refers to Visa and MasterCard accounts with an interest-free period, but with fewer features than standard credit cards." - RBA Excel file - Notes
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