A report by the NAACP and the left-leaning policy center Demos shows that African Americans face steeper annual percentage rates to begin with — 17.7 percent on average — in comparison to white cardholders — 15.8 percent on average.
Black households on average have fewer assets to fall back on than their white counterparts. As a result, they may have to borrow more often than white households, and therefore appear somewhat riskier, Demos senior analyst Amy Traub said.
