{
  "meta": {
    "slug": "the-card-tax",
    "name": "Commercial Bank Interest Rate on Credit Card Plans",
    "branded_name": "The Card Tax",
    "description": null,
    "source": "Board of Governors of the Federal Reserve System data retrieved via FRED",
    "source_credit": null,
    "source_url": "https://fred.stlouisfed.org/series/TERMCBCCALLNS",
    "frequency": "quarterly",
    "units": "percent",
    "fred_series_id": "TERMCBCCALLNS",
    "fred_edge_series_id": null,
    "bls_series_id": null,
    "series_id": null,
    "measurement_basis": null,
    "door": 0,
    "trend": "stable",
    "trend_suppressed": null,
    "series_breaks": [],
    "direction": "higher_is_worse",
    "last_updated": "2026-10-07T00:00:00Z",
    "stale": false,
    "stale_reason": null,
    "data_status": "current",
    "page_url": "https://americandefault.org/indicators/the-card-tax/",
    "attribution": "American Default (americandefault.org) — Our analysis is free to use with attribution to American Default Research. Source data stays under each publisher's terms; cite the source named here."
  },
  "current": {
    "value": 21.19,
    "date": "2026-08-01"
  },
  "last_verified": null,
  "data": [
    {
      "date": "1994-11-01",
      "value": 15.69
    },
    {
      "date": "1995-02-01",
      "value": 16.1
    },
    {
      "date": "1995-05-01",
      "value": 16.14
    },
    {
      "date": "1995-08-01",
      "value": 15.92
    },
    {
      "date": "1995-11-01",
      "value": 15.81
    },
    {
      "date": "1996-02-01",
      "value": 15.8
    },
    {
      "date": "1996-05-01",
      "value": 15.44
    },
    {
      "date": "1996-08-01",
      "value": 15.66
    },
    {
      "date": "1996-11-01",
      "value": 15.62
    },
    {
      "date": "1997-02-01",
      "value": 15.88
    },
    {
      "date": "1997-05-01",
      "value": 15.74
    },
    {
      "date": "1997-08-01",
      "value": 15.8
    },
    {
      "date": "1997-11-01",
      "value": 15.76
    },
    {
      "date": "1998-02-01",
      "value": 15.68
    },
    {
      "date": "1998-05-01",
      "value": 15.65
    },
    {
      "date": "1998-08-01",
      "value": 15.82
    },
    {
      "date": "1998-11-01",
      "value": 15.67
    },
    {
      "date": "1999-02-01",
      "value": 15.39
    },
    {
      "date": "1999-05-01",
      "value": 15.19
    },
    {
      "date": "1999-08-01",
      "value": 15.07
    },
    {
      "date": "1999-11-01",
      "value": 15.12
    },
    {
      "date": "2000-02-01",
      "value": 15.55
    },
    {
      "date": "2000-05-01",
      "value": 15.6
    },
    {
      "date": "2000-08-01",
      "value": 15.98
    },
    {
      "date": "2000-11-01",
      "value": 15.99
    },
    {
      "date": "2001-02-01",
      "value": 15.63
    },
    {
      "date": "2001-05-01",
      "value": 15.06
    },
    {
      "date": "2001-08-01",
      "value": 14.59
    },
    {
      "date": "2001-11-01",
      "value": 14.21
    },
    {
      "date": "2002-02-01",
      "value": 13.62
    },
    {
      "date": "2002-05-01",
      "value": 13.53
    },
    {
      "date": "2002-08-01",
      "value": 13.36
    },
    {
      "date": "2002-11-01",
      "value": 13.11
    },
    {
      "date": "2003-02-01",
      "value": 12.26
    },
    {
      "date": "2003-05-01",
      "value": 12.12
    },
    {
      "date": "2003-08-01",
      "value": 12.47
    },
    {
      "date": "2003-11-01",
      "value": 12.35
    },
    {
      "date": "2004-02-01",
      "value": 12.67
    },
    {
      "date": "2004-05-01",
      "value": 12.69
    },
    {
      "date": "2004-08-01",
      "value": 13.02
    },
    {
      "date": "2004-11-01",
      "value": 12.51
    },
    {
      "date": "2005-02-01",
      "value": 12.21
    },
    {
      "date": "2005-05-01",
      "value": 12.77
    },
    {
      "date": "2005-08-01",
      "value": 12.48
    },
    {
      "date": "2005-11-01",
      "value": 12.58
    },
    {
      "date": "2006-02-01",
      "value": 13.3
    },
    {
      "date": "2006-05-01",
      "value": 13.16
    },
    {
      "date": "2006-08-01",
      "value": 13.06
    },
    {
      "date": "2006-11-01",
      "value": 13.31
    },
    {
      "date": "2007-02-01",
      "value": 13.41
    },
    {
      "date": "2007-05-01",
      "value": 13.46
    },
    {
      "date": "2007-08-01",
      "value": 13.59
    },
    {
      "date": "2007-11-01",
      "value": 12.75
    },
    {
      "date": "2008-02-01",
      "value": 12.47
    },
    {
      "date": "2008-05-01",
      "value": 11.88
    },
    {
      "date": "2008-08-01",
      "value": 11.94
    },
    {
      "date": "2008-11-01",
      "value": 12.03
    },
    {
      "date": "2009-02-01",
      "value": 12.97
    },
    {
      "date": "2009-05-01",
      "value": 13.32
    },
    {
      "date": "2009-08-01",
      "value": 13.71
    },
    {
      "date": "2009-11-01",
      "value": 13.6
    },
    {
      "date": "2010-02-01",
      "value": 14.26
    },
    {
      "date": "2010-05-01",
      "value": 13.84
    },
    {
      "date": "2010-08-01",
      "value": 13.59
    },
    {
      "date": "2010-11-01",
      "value": 13.44
    },
    {
      "date": "2011-02-01",
      "value": 13.44
    },
    {
      "date": "2011-05-01",
      "value": 12.89
    },
    {
      "date": "2011-08-01",
      "value": 12.28
    },
    {
      "date": "2011-11-01",
      "value": 12.36
    },
    {
      "date": "2012-02-01",
      "value": 12.34
    },
    {
      "date": "2012-05-01",
      "value": 12.06
    },
    {
      "date": "2012-08-01",
      "value": 11.95
    },
    {
      "date": "2012-11-01",
      "value": 11.88
    },
    {
      "date": "2013-02-01",
      "value": 11.94
    },
    {
      "date": "2013-05-01",
      "value": 11.95
    },
    {
      "date": "2013-08-01",
      "value": 11.88
    },
    {
      "date": "2013-11-01",
      "value": 11.85
    },
    {
      "date": "2014-02-01",
      "value": 11.83
    },
    {
      "date": "2014-05-01",
      "value": 11.83
    },
    {
      "date": "2014-08-01",
      "value": 11.82
    },
    {
      "date": "2014-11-01",
      "value": 11.99
    },
    {
      "date": "2015-02-01",
      "value": 11.98
    },
    {
      "date": "2015-05-01",
      "value": 12.04
    },
    {
      "date": "2015-08-01",
      "value": 12.1
    },
    {
      "date": "2015-11-01",
      "value": 12.22
    },
    {
      "date": "2016-02-01",
      "value": 12.31
    },
    {
      "date": "2016-05-01",
      "value": 12.16
    },
    {
      "date": "2016-08-01",
      "value": 12.51
    },
    {
      "date": "2016-11-01",
      "value": 12.41
    },
    {
      "date": "2017-02-01",
      "value": 12.54
    },
    {
      "date": "2017-05-01",
      "value": 12.77
    },
    {
      "date": "2017-08-01",
      "value": 13.08
    },
    {
      "date": "2017-11-01",
      "value": 13.16
    },
    {
      "date": "2018-02-01",
      "value": 13.63
    },
    {
      "date": "2018-05-01",
      "value": 14.14
    },
    {
      "date": "2018-08-01",
      "value": 14.38
    },
    {
      "date": "2018-11-01",
      "value": 14.73
    },
    {
      "date": "2019-02-01",
      "value": 15.09
    },
    {
      "date": "2019-05-01",
      "value": 15.13
    },
    {
      "date": "2019-08-01",
      "value": 15.1
    },
    {
      "date": "2019-11-01",
      "value": 14.87
    },
    {
      "date": "2020-02-01",
      "value": 15.09
    },
    {
      "date": "2020-05-01",
      "value": 14.52
    },
    {
      "date": "2020-08-01",
      "value": 14.58
    },
    {
      "date": "2020-11-01",
      "value": 14.65
    },
    {
      "date": "2021-02-01",
      "value": 14.75
    },
    {
      "date": "2021-05-01",
      "value": 14.61
    },
    {
      "date": "2021-08-01",
      "value": 14.54
    },
    {
      "date": "2021-11-01",
      "value": 14.51
    },
    {
      "date": "2022-02-01",
      "value": 14.56
    },
    {
      "date": "2022-05-01",
      "value": 15.13
    },
    {
      "date": "2022-08-01",
      "value": 16.27
    },
    {
      "date": "2022-11-01",
      "value": 19.07
    },
    {
      "date": "2023-02-01",
      "value": 20.09
    },
    {
      "date": "2023-05-01",
      "value": 20.84
    },
    {
      "date": "2023-08-01",
      "value": 21.19
    },
    {
      "date": "2023-11-01",
      "value": 21.47
    },
    {
      "date": "2024-02-01",
      "value": 21.59
    },
    {
      "date": "2024-05-01",
      "value": 21.51
    },
    {
      "date": "2024-08-01",
      "value": 21.76
    },
    {
      "date": "2024-11-01",
      "value": 21.47
    },
    {
      "date": "2025-02-01",
      "value": 21.37
    },
    {
      "date": "2025-05-01",
      "value": 21.16
    },
    {
      "date": "2025-08-01",
      "value": 21.39
    },
    {
      "date": "2025-11-01",
      "value": 20.97
    },
    {
      "date": "2026-02-01",
      "value": 21
    },
    {
      "date": "2026-05-01",
      "value": 20.94
    },
    {
      "date": "2026-08-01",
      "value": 21.19
    }
  ]
}