December 12, 2012 Weekly Credit Card Rate Report

Austin, Texas—Interest rates on new credit card offers remained at 14.96 percent for the fifth 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 14.96% 14.96% 14.92%
Low Interest 10.40% 10.40% 10.40%
Balance Transfer 12.62% 12.62% 12.46%
Business 13.13% 13.13% 12.67%
Student 13.31% 13.31% 13.77%
Cash Back 14.30% 14.30% 14.24%
Airline 14.63% 14.63% 14.63%
Reward 14.80% 14.80% 14.71%
Instant Approval 15.49% 15.49% 15.49%
Bad Credit 23.64% 23.64% 23.64%
Updated: 12-12-12

None of the cards tracked by advertised new rates for customers with the best credit.

One issuer, PNC, did raise the highest available rate on one of its rewards cards, the PNC Points Visa. However, the card’s modest two-point rate hike didn’t affect the national average because only considers a card’s lowest available rate when calculating average interest rates.

PNC applicants with less-than-perfect credit may now be assigned an APR as high as 21.99 percent — up two percentage points from the previous week, when the highest available rate stood at 19.99 percent.

Credit card applicants with excellent credit will continue to be offered an APR as low as 11.99 percent on the PNC Points Visa.

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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