Credit card APRs remain flat at 15.03 percent's Weekly Rate Report
  Avg. APR Last week 6 months ago
National average 15.03%
Low interest 10.37%
10.37% 10.46%
Balance transfer 12.64%
Business 12.80%
Cash back 14.91%
Airline 15.46%
Reward 15.00% 15.00%
Instant approval 28.00%
Bad credit 22.73%
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: Aug. 13, 2014

Average rates on new card offers remained at 15.03 percent Wednesday for the sixth consecutive week, according to the Weekly Credit Card Rate Report.

None of the issuers tracked by altered interest rates this week. Issuers left promotional balance transfer offers and introductory purchase rates alone as well.

This is the 25th week this year that the national average APR hasn't budged. Credit card issuers tinker with interest rates so rarely these days that the national average has changed just seven times in our weekly survey since Jan. 1. 

Four of those changes were due to just one issuer. Between April 2014 and July 2014, Chase increased the APR on a number of travel rewards cards, including the Southwest Airlines Rapid Rewards Plus card and the Disney Rewards Visa.

Most of the issuers tracked by haven't changed rates since 2013. 

Credit card spending heats up
Credit card holders are ramping up their spending this summer, according to new research from First Data Corporation, and many of those purchases are going on their cards.

According to First Data's latest SpendTrend report, credit card spending jumped 6.2 percent in July, thanks in part to increased summer travel. That's the single biggest increase in spending on plastic since December 2013.

Credit card holders spent significantly more on hotels and other travel-related expenses. In addition, they also spruced up their homes with brand-new building and gardening supplies.

According to First Data, consumers often prefer to pay for travel and big-ticket home expenses with credit, rather than cash. As a result, credit card spending outpaced debit card spending for the third consecutive month. 

Spending on signature debit rose by just 0.4 percent in July, after increasing by 2 percent in June. Spending on PIN debit increased by a relatively modest 3.9 percent.

Consumers also are reaching for their plastic more often this summer -- indicating to analysts that many cardholders are becoming much more comfortable with using credit for everyday purchases.

For example, card transaction growth -- which measures the total number of times consumers swiped their cards -- grew 7.5 percent in July after increasing by 5.3 percent in June.

Consumers were less eager to use their debit cards, by contrast, particularly compared to credit. For example, debit card usage for signature debit declined in July after remaining flat in June.  

Consumers punched in a PIN slightly more often. Transaction growth for PIN debit -- which consumers often use for food and gas purchases -- grew by 3.1 percent. But debit card usage overall fell behind credit for the second consecutive month.

See related: Card balances rise, keep pace with slow spending growth

Join the discussion
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Weekly newsletter
Get the latest news, advice, articles and tips delivered to your inbox. It's FREE.

Updated: 03-22-2019