March 16, 2011 Weekly Credit Card Rate Report

Austin, Texas—Interest rates on credit card offers remained unchanged this week, according to the Weekly Credit Card Rate Report.
The average is composed 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 14.65% 14.65% 14.15%
Low Interest 11.18% 11.18% 11.99%
Cash Back 13.41% 13.41% 12.31%
Business 12.91% 12.91% 12.85%
Balance Transfer 12.78% 12.78% 12.68%
Student 13.42% 13.42% 14.05%
Airline 14.33% 14.33% 14.14%
Reward 14.32% 14.32% 14.32%
Instant Approval 15.99% 15.99% 15.99%
Bad Credit 23.95% 23.95% 20.64%
Updated: 03-16-11

Although the national average held steady, one issuer did tweak its rates. Discover implemented a higher APR on the top end of the range for its Miles by Discover card this week, bumping it up from 15.99 percent to 16.99 percent. 

“We do not comment on our rate marketing practices for competitive reasons,” Discover spokesman Matthew Towson said. adjusted the card’s APR in its database.  However, since only the low ends of APR ranges are used to calculate the national average, it remained static.

The average had fallen in the previous two weeks for the first time since mid-November.

The credit card rate survey 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.  


Contact:, Austin
Ben Woolsey, 512-996-8663, ext. 106
Director of Marketing

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