March 12, 2014 Weekly Credit Card Rate Report: Credit card interest rates remain at 15.01 percent for a 4th week

Austin, Texas—Interest rates on new credit card offers remained unchanged 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 15.01% 15.01% 14.99%
Low Interest 10.33% 10.33% 10.46%
Balance Transfer 12.66% 12.66% 12.41%
Business 12.98% 12.98% 12.98%
Student 13.27% 13.27% 13.27%
Cash Back 14.84% 14.84% 14.51%
Airline 15.30% 15.30% 14.51%
Reward 14.97% 14.97% 14.82%
Instant Approval 28.00% 28.00% 28.00%
Bad Credit 22.73% 22.73% 23.48%
Updated: 3-12-14

The national average annual percentage rate (APR) remained stuck at 15.01 percent Wednesday for the fourth consecutive week.

All but one of the issuers tracked by left credit card terms alone this week.

TD Bank shortened the promotional offer on the TD Easy Rewards Visa card. Cardholders now have just 12 months to take advantage of interest-free balance transfer offers. Previously, TD Bank's balance transfer promotion lasted for 18 months.

Most of the balance transfer cards tracked by feature similar promotions. Among the 100 cards in the database, 24 cards offer a promotional balance transfer rate for exactly 12 months. Eleven cards feature a promotional balance transfer offer that lasts longer than a year.

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.

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Daniel P. Ray
Editor in chief

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