Wednesday, July 22, 2015 Weekly Credit Card Rate Report: Average card rates remain stuck at 15 percent

Austin, Texas — Interest rates on new credit card offers stayed in place 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: 07-22-15


For the fifth week in a row, the national average APR remained at 15 percent. None of the cards tracked by advertised new rates. Promotional offers, including interest-free balance transfer offers and introductory purchase rates, were also left in place.

For the second time this year, Capital One eliminated the $19 annual fee on its Platinum card. The issuer had removed the card’s annual fee in January, but then reintroduced it in March.

Earlier this year, Capital One also eliminated the $29 annual fee on the Secured MasterCard. As a result, the QuicksilverOne card, the Classic Platinum card and the Venture Rewards card are currently the only personal cards that Capital One offers that carry an annual fee.

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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