May 15, 2013 Weekly Credit Card Rate Report: Credit card interest rates remain at 14.94 percent

Austin, Texas—Interest rates on new credit card offers remained flat 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 14.94% 14.94% 14.96%
Low Interest 10.29% 10.29% 10.40%
Balance Transfer 12.62% 12.62% 12.62%
Business 12.98% 12.98% 13.13%
Student 13.16% 13.16% 13.31%
Cash Back 14.17% 14.17% 14.30%
Airline 14.63% 14.63% 14.63%
Reward 14.73% 14.73% 14.80%
Instant Approval 15.49% 15.49% 15.49%
Bad Credit 23.64% 23.64% 23.64%
Updated: 5-15-13

The national average annual percentage rate (APR) remained at 14.94 percent Wednesday, after increasing by just one basis point the previous week.

Last week marked the first time in three months that average rates increased.

Average interest rates have remained exceptionally stable through much of 2013, thanks to issuers leaving most card offers alone. For example, since Jan. 1, the national average has remained the same 15 weeks out of 20.

Average rates increased just twice since the beginning of the year and have fallen three times -- each time by just a small amount.

As a result, the national average is currently just 0.02 percent below where it was at the beginning of 2013.

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:


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

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