May 6, 2015 Weekly Credit Card Rate Report: Average card rates remain unchanged

Austin, Texas—Interest rates on new card offers remain locked in place 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 14.92% 14.92% 15.09%
Low Interest 11.62% 11.62% 10.37%
Balance Transfer 14.04% 14.04% 12.82%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Cash Back 15.26% 15.26% 14.98%
Airline 15.10% 15.10% 15.46%
Reward 15.04% 15.04% 15.07%
Instant Approval 17.93% 17.93% 28.00%
Bad Credit 22.73% 22.73% 22.73%
Updated: 5-6-15

The national average annual percentage rate (APR) remained at 14.92 percent Wednesday after issuers left card APRs alone for the second week in a row. Promotional terms, including 0 percent APRs and balance transfer offers, were also left untouched.

Average rates on new card offers are relatively low these days compared to the past three years, thanks to a string of rate changes that occurred in late 2014 and the first quarter of 2015. After remaining at or above 15 percent for more than a year, the national average APR began declining intermittently in November before hitting a nearly three-year low of 14.87 percent earlier this year. Rates have inched up somewhat since, but are still significantly lower than they were for most of 2014.

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:


Matt Schulz
Senior Industry Analyst
512-996-8663, ext. 103

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