Friday, August 22nd 2014
July 14, 2010
CreditCards.com: Weekly Credit Card Rate Report
Austin, Texas — Interest rates on new credit card offers were unchanged for the second straight week, according to the CreditCards.com Weekly Credit Card Rate Report.
The average is composed of about 95 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category listed below. Introductory (teaser) rates are not included in the calculation. The average annual percentage rates (APRs) in all nine card categories remained flat.
Rates for card categories tracked by CreditCards.com are listed below:
This is the first time since September 2009 that the national average has held steady for two weeks in a row.
None of the cards in our database saw changes in their standard purchase APR last week. Among the categories we track, small business card rates have fluctuated the least in recent months, remaining unchanged since late March. Still, banks have begun to focus more on that part of their business recently. As the economy shows tentative signs of recovery, offers for business cards are slowly returning to companies' mailboxes, according to industry analysts.
The CreditCards.com credit card rate survey is conducted weekly, using offer data from the leading U.S. card issuers' Web sites. Introductory offer periods and regular interest rates will vary with applicants' credit quality and issuer risk-based pricing policies.
NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to CreditCards.com.
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