March 4, 2015 Weekly Credit Card Rate Report: Average card rates remain unchanged at 14.87 percent

Austin, Texas — Average rates on new card offers held steady Wednesday at 14.87 percent, 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 14.87% 14.87% 15.06%
Low Interest 11.53% 11.53% 10.37%
Balance Transfer 14.00% 14.02% 12.73%
Business 12.85% 12.85% 12.80%
Student 13.14% 13.14% 13.27%
Cash Back 15.26% 15.26% 14.94%
Airline 15.15% 15.15% 15.46%
Reward 14.99% 14.99% 15.04%
Instant Approval 17.93% 17.93% 28.00%
Bad Credit 22.48% 22.48% 22.73%
Updated: 3-4-15

Most issuers left interest rates alone this week. Pentagon Federal Credit Union introduced a range of APRs to the PenFed Platinum Cash Rewards card, making it more likely that cardholders with imperfect credit will be able to qualify for the card. However, the change didn't affect the national average because the card's lowest available rate of 9.99 percent was left unchanged. considers only a card's minimum rate when calculating average interest rates.

Cardholders who apply for the Platinum Cash Rewards card are now offered an APR ranging from 9.99 percent to 17.99 percent.

Meanwhile, U.S. Bank narrowed the range of possible APRs on the Visa Platinum card by lowering the card's maximum rate from 23.99 percent to 20.99 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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