December 24, 2014 Weekly Credit Card Rate Report: Average card rates remain at 14.92 percent

Austin, Texas— Average rates on new credit card offers held steady 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 14.92% 14.92% 15.01%
Low Interest 10.37% 10.37% 10.37%
Balance Transfer 12.73% 12.73% 12.64%
Business 12.85% 12.85% 12.80%
Student 13.14% 13.14% 13.27%
Cash Back 14.94% 14.94% 14.91%
Airline 15.52% 15.52% 15.30%
Reward 14.90% 14.90% 14.97%
Instant Approval 23.33% 23.33% 28.00%
Bad Credit 22.73% 22.73% 22.73%
Updated: 12-24-14

The national average annual percentage rate (APR) remained at 14.92 percent Wednesday after declining from 14.95 percent the previous week.

None of the cards tracked by advertised new interest rates. As a result, the national average APR remained at its lowest point in more than two years. The last time average rates were this low was in July 2012 when the national average hit 14.91 percent.

Most issuers left promotional terms unchanged, as well. Capital One introduced an interest-free balance transfer offer to one of its cash-back cards for consumers with average credit. Applicants who qualify for the QuicksilverOne Rewards card now have nine months to take advantage of interest-free balance transfers. Cardholders are also offered nine months of interest-free purchases.

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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