May 23, 2012 Weekly Credit Card Rate Report

Austin, Texas — Interest rates on new credit card offers ticked upward after five straight weeks of no 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 14.93% 14.91% 15.19%
Low Interest 10.40% 10.40% 10.84%
Balance Transfer 12.46% 12.43% 13.00%
Business 12.75% 12.67% 13.13%
Student 13.77% 13.77% 13.77%
Cash Back 14.24% 14.24% 14.86%
Airline 14.63% 14.63% 14.54%
Reward 14.73% 14.70% 14.86%
Instant Approval 15.49% 15.49% 15.49%
Bad Credit 23.64% 23.64% 24.96%
Updated: 05-23-12

The national average annual percentage rate (APR) on new card offers rose to 14.93 percent Wednesday, after five weeks where interest rates hadn’t budged.

The last time interest rates remained unchanged that long was in the spring of 2011.

Three out of the nine categories tracks rose. Those categories included balance transfer, rewards and business credit cards.

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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