Survey: Credit card rates remain unchanged for 3rd straight week

Interest rates on new credit card offers held steady for the third straight week, according to the Weekly Credit Card Rate Report.

­­The average is composed of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category. Introductory (teaser) rates are not included in the calculation.'s Weekly Rate Report
  Avg. APR Last week 6 months ago
National average 14.91%
Low interest 10.40%
10.40% 10.73%
Balance transfer 12.43%
Business 12.67%
Cash back  14.24%
Airline  14.63%
Reward 14.70%
Instant approval 15.49%
Bad credit 23.64%
Methodology: The national average credit card APR is comprised of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category listed above. (Introductory, or teaser, rates are not included in the calculation.)
Updated: May 2, 2012

The average annual percentage rate (APR) on new card offers remained unchanged at 14.91 percent Wednesday. This is the 10th time this year interest rates haven't budged.

Wednesday also marks the third week in a row that promotional credit card offers remained the same for all 100 of the cards that tracks. That includes promotional balance transfer offers, introductory purchase rates and annual fees.

The lack of movement in rates coincides with a slight loosening of overall lending standards on the part of banks and credit card issuers, as reported in the quarterly April 30 Federal Reserve Senior Loan Officer Survey. 

In addition, according to the senior loan officer survey, demand for credit cards increased in the first quarter of 2012, with 17.5 percent of banks reporting a moderate boost over the past three months. 

The credit card rate survey (permalink: is conducted weekly, using offer data from the leading U.S. card issuers' websites. Introductory offer periods and regular interest rates will vary with applicants' credit quality and issuer risk-based pricing policies.

See related: Fed says no to raising interest rates

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Updated: 03-19-2019