December 9, 2015 Weekly Credit Card Rate Report: Average card rates rise to 14.98 percent

Austin, Texas — Interest rates on new credit card offers rose this week for the first time in almost two months, 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 14.98% 14.96% 14.99%
Low Interest 11.66% 11.62% 11.62%
Balance Transfer 14.08% 14.07% 14.13%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Cash Back 15.26% 15.27% 15.28%
Airline 14.91% 14.91% 15.10%
Reward 15.11% 15.09% 15.12%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.73%
Updated: 12-9-2015

The national average annual percentage rate (APR) rose to 14.98 percent Wednesday after remaining at 14.96 percent for about a month.

Unlike previous weeks, however, this week's change was due to a reshuffling of the database. Occasionally, changes the cards in the database in order to more accurately reflect the current market.

Two cards represented in the database are no longer being offered online and have been replaced with similar cards. Earlier this month, American Express removed the Costco True Earnings card from its online offerings after agreeing to end its partnership with Costco earlier this year. Meanwhile, the regional bank KeyBank is no longer promoting the KeyBank Platinum MasterCard Rewards card.

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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