Wednesday, July 1, 2015 Weekly Credit Card Rate Report: Average card rates rise to 15 percent

Austin, Texas — Interest rates on new credit card offers held still 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 15.00% 15.00% 14.91%
Low Interest 11.62% 11.62% 10.37%
Balance Transfer 14.12% 14.12% 12.86%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Cash Back 15.27% 15.27% 14.91%
Airline 15.10% 15.10% 15.52%
Reward 15.14% 15.14% 14.89%
Instant Approval 18.00% 18.00% 23.33%
Bad Credit 22.73% 22.73% 22.73%
Updated: 07-01-15


The national average annual percentage rate remained at 15 percent Wednesday after increasing the previous week for the first time in over a month.

None of the cards tracked by offered new interest rates. Promotional terms, including 0 percent balance transfer offers and introductory APRs, also remained unchanged.

Average rates on new credit card offers are currently at a 7-month high. After remaining at or above 15 percent for most of 2014, interest rates slumped in November and remained below 15 percent for more than two quarters.

After declining intermittently between November 2014 and March 2015, interest rates began picking up again toward the end of the first quarter and have increased four times since the last week of March.

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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