December 24, 2013 Weekly Credit Card Rate Report: Credit card interest rates remain stuck at 15.06 percent

Austin, Texas—Average rates on new credit card offers remained unchanged 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 15.06% 15.06% 14.96%
Low Interest 10.46% 10.46% 10.37%
Balance Transfer 12.55% 12.55% 12.39%
Business 12.98% 12.98% 12.98%
Student 13.27% 13.27% 13.16%
Cash Back 14.62% 14.62% 14.85%
Airline 14.51% 14.51% 14.63%
Reward 14.91% 14.91% 14.79%
Instant Approval 28.00% 28.00% 28.00%
Bad Credit 23.48% 23.48% 23.64%
Updated: 12-24-13

The national average annual percentage rate (APR) remained fixed at 15.06 percent Tuesday for the sixth consecutive week.

Average rates are currently at their highest point since 2012. For the past 14 weeks, the national average has hovered above 15 percent. As a result, the average APR for the year recently increased to 14.98 percent -- 0.02 percent higher than the average APR for 2012.

None of the cards tracked by featured new interest rates this week. Issuers left most credit card promotions alone as well.

Discover reintroduced a promotional APR to the "it" card for students, offering new cardholders six months to make interest-free purchases. Students are also offered a 10.99 percent promotional balance transfer for the same amount of time.

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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