Wednesday, July 15, 2015 Weekly Credit Card Rate Report: Average card rates remain at 15 percent for fourth week

Austin, Texas — Interest rates on new credit card offers remained unchanged again 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% 14.89%
Low Interest 11.62% 11.62% 10.24%
Balance Transfer 14.12% 14.12% 12.80%
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: 07-15-15


None of the cards tracked by advertised new interest rates. As a result, the national average APR stayed at 15 percent for the fourth consecutive week. Promotional terms, including interest-free balance transfer offers and introductory APRs, also remained unchanged.

This is the third week this month that issuers have left card terms untouched. According to data, issuers have tweaked rates just a handful of times since Jan. 1. As a result, the national average APR has remained unchanged 22 weeks out of 27.

The few times that average rates have changed, the impact on the national average has been relatively minor. For example, since Jan. 5, the national average APR has increased by just 0.11 percent.

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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