Wednesday, June 3, 2015 Weekly Credit Card Rate Report: Average card rates don't budge

Austin, Texas — Average rates on new credit card offers remained unchanged Wednesday, 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 14.99% 14.99% 14.95%
Low Interest 11.62% 11.62% 10.37%
Balance Transfer 14.13% 14.13% 12.73%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Cash Back 15.26% 15.26% 14.94%
Airline 15.10% 15.10% 15.46%
Reward 15.12% 15.12% 14.89%
Instant Approval 17.93% 17.93% 23.33%
Bad Credit 22.73% 22.73% 22.73%
Updated: 06-03-15


For the third week in a row, the national average annual percentage rate remained fixed at 14.99 percent.

Most issuers tracked by left interest rates unchanged. The sporting goods store Cabela's adjusted the APR on the Cabela's Club Visa after the 1-month Libor rate inched up by .01 percent. However, the change was too small to affect the national average.

Unlike most U.S. credit cards, the Cabela's Club Visa is tied to the British Libor rate rather than the U.S. prime rate. Sporting goods enthusiasts who apply for a Cabela's Club Visa are now offered a range of APRs starting at 15.18 percent.

Discover was also active this week. It trimmed the Discover 'it' card's promotional APR offer from 14 months to 12 months.

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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