March 23, 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, continuing a trend seen throughout 2011. 
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% 14.14%
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% 14.31%
Instant Approval 15.99% 15.99% 15.99%
Bad Credit 23.95% 23.95% 20.64%
Updated: 03-23-11

For six of the first 12 weeks this year, the national average stayed fixed.  In 2010, the national average was unchanged only 11 times throughout the entire year.

Card issuers are still tweaking rates and offers, however. For example, Citi recently began offering multiple APRs for its Forward card, varying between a single rate of 14.24 percent to a range of 12.99 percent to 19.99 percent.  Since only the low ends of the ranges are included in our calculations, Citi's move did not impact the national average.

Offers can vary based on many factors, including when and where the banks' sites are viewed.

These differences are often considerable and drive home the importance of consumers shopping around for the best deals.

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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