August 15, 2012 Weekly Credit Card Rate Report: Credit card interest rates remain flat

Austin, Texas—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 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 14.97% 14.97% 14.91%
Low Interest 10.40% 10.40% 10.40%
Balance Transfer 12.62% 12.62% 12.60%
Business 13.13% 13.13% 13.13%
Student 13.02% 13.02% 13.77%
Cash Back 14.43% 14.43% 14.45%
Airline 14.63% 14.63% 14.54%
Reward 14.81% 14.81% 14.73%
Instant Approval 15.49% 15.49% 15.49%
Bad Credit 23.64% 23.64% 23.41%
Updated: 08-15-12

The national average annual percentage rate (APR) on new card offers remained at 14.97 percent Wednesday. This week marks the 21st time this year that average interest rates haven't moved.

The lack of APR activity does not in any way reflect a lack of credit card use, however. A new report from credit bureau TransUnion shows that while card delinquencies have hit an 18-year low, credit card debt per borrower grew about 6 percent in the second quarter compared to a year ago. The average card debt per borrower, according to TransUnion, is $4,971.

Issuers are also dispensing more cards to consumers -- and not just to those with prime credit. The number of new cards issued rose 4 percent from the second quarter of 2011, and 26.1 percent of those cards were issued to subprime borrowers (people with FICO scores below 700), according to TransUnion.

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.

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

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