December 23, 2015 Weekly Credit Card Rate Report: Average card rates rise to 15.05 percent.

Austin, Texas — Interest rates on new card offers rose to a one-year high this week after the Federal Reserve increased rates for the first time since 2006, 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 15.05% 14.99% 14.99%
Low Interest 11.74% 11.67% 11.62%
Balance Transfer 14.15% 14.08% 14.12%
Business 12.95% 12.87% 12.85%
Student 13.26% 13.17% 13.14%
Cash Back 15.30% 15.27% 15.27%
Airline 14.99% 14.92% 15.10%
Reward 15.18% 15.12% 15.13%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.81% 22.75% 22.73%
Updated: 12-23-2015

Multiple issuers responded to the Federal Reserve’s 0.25 percent rate increase by hiking APRs on new card offers by the same amount. As a result, the national average annual percentage rate rose to 15.05 percent. When the Federal Reserve raises interest rates, issuers can pass along those rate increases without giving cardholders prior notice.

Among the 100 cards tracks, 25 advertised slightly higher rates this week. American Express, Wells Fargo, U.S. Bank, Huntington Bank, Key Bank and Comerica were among the issuers that increased rates by 0.25 percent. Capital One also increased interest rates last week, just a few days before the Federal Reserve’s announcement.

The credit card rate survey (permalink: is conducted weekly, using offer data from 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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