March 28, 2012 Weekly Credit Card Rate Report

Austin, Texas — Credit card interest rates remained static Wednesday after three straight weeks of movement, 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 15.00% 15.00% 14.97%
Low Interest 10.40% 10.40% 10.73%
Balance Transfer 12.60% 12.60% 12.77%
Business 13.13% 13.13% 12.91%
Student 13.77% 13.77% 13.77%
Cash Back 14.45% 14.45% 14.34%
Airline 14.63% 14.63% 14.44%
Reward 14.83% 14.83% 14.61%
Instant Approval 15.49% 15.49% 15.99%
Bad Credit 23.64% 23.64% 24.96%
Updated: 03-28-12

The average annual percentage rate (APR) remained fixed at 15 percent on Wednesday after moving up and down for three straight weeks.

This week marks just the eighth time that average interest rates hit 15 percent or higher since began tracking rates in mid-2007. Average rates hit a record high of 15.22 percent Dec. 14 and have hovered above or just below 15 percent ever since.

Higher APRs on rewards cards are partially to blame for this year’s higher rates. The average APR for rewards cards hit a record high of 14.86 the same week that average interest rates hit 15.22 percent. Since then, each time the national average has spiked, average APRs for rewards cards have also increased.

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.

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

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