Credit card interest rates remain at 15.09 percent


Nov. 5, 2014: Average rates on new card offers held steady Wednesday at 15.09 percent, according to the Weekly Credit Card Rate Report.

The editorial content below is based solely on the objective assessment of our writers and is not driven by advertising dollars. However, we may receive compensation when you click on links to products from our partners. Learn more about our advertising policy.

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Please see the bank’s website for the most current version of card offers; and please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.’s Weekly Rate Report
Avg. APRLast week 6 months ago
National average15.09%15.09%15.01%
Low interest10.37%10.37%10.37%
Cash back14.98%14.98%14.84%
Balance transfer12.82%12.82%12.64%
Instant approval28.00%28.00%28.00%
Bad credit22.73%22.73%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: Nov. 5, 2014

Average rates on new card offers held steady Wednesday at 15.09 percent, according to the Weekly Credit Card Rate Report.

Most issuers left card APRs alone this week. Barclays increased the maximum APR on the NFL ExtraPoints Visa from 22.99 percent to 24.99 percent. But the change didn’t affect the national average because considers only the lowest available APR when calculating rates. The NFL card’s minimum APR remained unchanged at 14.99 percent.

Barclays also revised the promotional offers on two of its rewards cards. It extended the 0 percent balance transfer period on the Carnival World MasterCard from 12 months to 15 months and eliminated the card’s 0 percent APR on purchases. It also introduced a 15-month, 0 percent balance transfer offer to the Wyndham Rewards Visa Signature card as well as a six-month introductory APR on Wyndham time-share purchases.

Heavier card spending
Credit card holders are turning to their cards more often this year, according to third-quarter earnings reports from card network giants Visa and MasterCard.

MasterCard processed 10 percent more transactions in the third quarter of 2014 than it did in the summer of 2013, according to the network’s report, released Oct. 30. MasterCard holders also spent approximately 11 percent more between July and September than they did the previous year.

Visa reported stronger consumer spending this summer as well. Between July and September, Visa card spending jumped 11 percent, according to the report posted Oct. 29. Total transaction volume — which measures the number of times people swiped their Visa cards — also rose by approximately 9 percent this summer.

The card networks’ latest earnings figures are welcome news for card issuers trying to tempt cardholders into spending more on their cards. But additional research shows that cardholders’ appetite for credit is still relatively fickle.

According to the Federal Reserve’s quarterly senior loan officers’ survey, released Monday, a number of banks reported seeing weaker demand for new cards in the third quarter of 2014. Most banks said they saw virtually no change in demand.

Cardholders are also remaining exceptionally careful about how much debt they take on and are keeping their balances relatively low. According to TransUnion, average card balances have barely grown since last year — indicating more cardholders are using their cards as short-term payment tools rather than as long-term loans.

Research published Nov. 3 by Fitch Ratings also showed that cardholders are continuing to repay their debts at record rates. For example, late payments by 60 days or more inched up just slightly in October after falling to a historic low the previous month.

See related:Fed: Card balances fall for the first time in months

What’s up next?

In Podcasts

Rates remain at 15.03 percent for 4th week

July 30, 2014: Interest rates on new credit card offers remained untouched this week, according to the Weekly Credit Card Rate Report

Published: July 30, 2014

See more stories
Credit Card Rate Report Updated: August 14th, 2019
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more

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.

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.