August 14, 2013 Weekly Credit Card Rate Report: Credit card interest rates dip to 14.95 percent

Austin, Texas—Average rates on new credit card offers remained unchanged this week, according to the Weekly Credit Card Rate Report.

The average 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. Introductory (teaser) rates are not included in the calculation.

Rates for card categories tracked by are listed below:

Credit Card Rate Averages
  Avg. APR Last Week 6 Months ago
National Average 14.95% 14.95% 14.96%
Low Interest 10.46% 10.47% 10.29%
Balance Transfer 12.44% 12.44% 12.59%
Business 12.98% 12.98% 13.13%
Student 13.27% 13.27% 13.31%
Cash Back 14.51% 14.51% 14.17%
Airline 14.63% 14.63% 14.63%
Reward 14.77% 14.77% 14.76%
Instant Approval 28.00% 28.00% 15.49%
Bad Credit 23.48% 23.48% 23.64%
Updated: 8-14-13

The national average annual percentage rate (APR) stayed put at 14.95 percent Wednesday, after dipping by 0.01 percent the previous week.

None of the cards tracked by featured rate changes this week. Most credit card issuers also left promotional balance transfer offers and short-term APRs alone as well.

One issuer, Barclays, fine-tuned an offer on a rewards credit card for frequent fliers. Barclays introduced a 0 percent APR offer to the US Airways Premier World MasterCard. Applicants who qualify for the US Airways card will now be able to make interest-free purchases for up to 12 months.

The issuer also shortened the card's 0 percent balance transfer period from 15 months to 12 months. Barclays left the card's $89 annual fee alone.

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.

About is the leading online credit card marketplace connecting consumers with multiple credit card issuers, including a majority of the 10 largest in the United States, based on credit card transaction volume.,, enables consumers to search for, compare and apply for credit cards and offers credit card issuers an online channel to acquire qualified applicants.

For more information, contact:


Contact:, Austin
Ben Woolsey, 512-996-8663, ext. 106
Director of Marketing

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