August 19, 2015 Weekly Credit Card Rate Report: Average credit card interest rates hold steady at 15 percent for 9th week

Austin, Texas — Average credit card interest rates remained cemented in place Wednesday, 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 15.00% 15.00% 14.89%
Low Interest 11.62% 11.62% 11.53%
Balance Transfer 14.12% 14.12% 14.02%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Cash Back 15.27% 15.27% 15.11%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.73%
Updated: 08-19-15

None of the cards included in the weekly rate report advertised new interest rates. As a result, the national average annual percentage rate stayed at 15 percent for the ninth consecutive week. Promotional rates, such as interest-free balance transfer offers, also remained unchanged.

Changes to card offers are rare these days, thanks in part to a 6-year-old law that limits issuers' ability to re-price accounts once a card has already been issued. The Credit CARD Act of 2009 requires issuers to give cardholders at least 45 days' advance notice before changing the interest rate on an existing account. Issuers have responded to the requirements by offering higher rates upfront and by trimming advertised rates less often.

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:


Matt Schulz
Senior Industry Analyst
512-996-8663, ext. 103

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