By: Ishan Mukhopadhyay Jun. 19, 2018

Raltin’s recent analysis shows that the APR for the American Express Gold Delta SkyMiles Credit Card has increased by 2.5% in the last five years. This finding is based on data collected from the Consumer Financial Protection Bureau, which asks credit card companies to complete a standard survey. This survey provides information about the fluctuations in an institution’s APR, late payment fees, grace period, annual fees and other variables, over a period of time.

American Express has been listed by Forbes as the most valuable financial services brand of 2017. As of 31st December 2017, Amex had issued 112.8 million cards in the United States, accounting for almost 25% of the total volume of US-based credit card transactions. It is also one of the world’s largest networks. Unlike Visa and Mastercards, which can be issued by any credit card company, Amex networks are mostly issued by the American Express company itself.

Raltin found that the annual rate of Amex’s Gold Delta SkyMiles credit card increased by about 1% between 2014 and 2015, and another 1% between 2016 and 2018 (January). The grace period has also increased massively from 25 days in 2017 to 95 days in 2018, while the annual fees have declined considerably from $95 to $25 in the same period.

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A number of factors influence the fluctuation in APRs for a credit card. While choosing one of the most popular credit cards in the world, it is useful to keep in mind all the variables.