December 16, 2015 Weekly Credit Card Rate Report: Average card rates rise to 14.99 percent.

Austin, Texas—Interest rates on new credit card offers inched up 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 14.99% 14.98% 14.99%
Low Interest 11.67% 11.66% 11.62%
Balance Transfer 14.08% 14.08% 14.13%
Business 12.87% 12.85% 12.85%
Student 13.17% 13.14% 13.14%
Cash Back 15.27% 15.26% 15.28%
Airline 14.92% 14.91% 15.10%
Reward 15.12% 15.11% 15.12%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.75% 22.73% 22.73%
Updated: 12-16-2015

The national average annual percentage rate (APR) rose to 14.99 percent Wednesday after Capital One increased rates on nearly all of its cards.

The nationwide issuer subtly raised interest rates this week by increasing the APRs on most of its cards by 0.09 percent. For example, the QuicksilverOne card now charges new cardholders an APR of 22.99 percent, up from 22.90 percent. Capital One also increased the Journey Student Rewards card’s APR from 19.80 percent to 19.99 percent.

One credit card issuer did make significant changes to the promotional offer on one of its rewards credit cards. PNC Bank extended the interest-free period on the PNC Points Visa from six months to 12 months. The issuer also shortened the card’s promotional 0 percent balance transfer offer from 15 months to 12 months.

Variable rate cards tied to the U.S. prime rate may also receive a small rate hike this week. The Federal Reserve is expected to raise interest rates for the first time since June 2006. By law, card issuers may pass along these increases without notice.

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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