November 23, 2010 Weekly Credit Card Rate Report

Austin, Texas—The national average interest rate on new credit card offers fell for the second straight week, according to the Weekly Credit Card Rate Report.

The average is composed of about 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category listed below. Introductory (teaser) rates are not included in the calculation. Among the nine card categories, average annual percentage rates (APRs) declined in two and were unchanged in seven.

Rates for card categories tracked by are listed below:

Credit Card Rate Averages
  Avg. APR Last Week 6 Months ago
National Average 14.74% 14.77% 14.17%
Low Interest 11.87% 11.87% 12.04%
Cash Back 12.59% 12.59% 12.63%
Balance Transfer 12.80% 12.80% 12.80%
Business 12.91% 13.05% 12.96%
Reward 14.39% 14.44% 14.33%
Airline 14.45% 14.45% 14.43%
Student 14.49% 14.49% 13.87%
Instant Approval 15.99% 15.99% 15.99%
Bad Credit 24.64% 24.64% 19.50%
Updated: 11-23-10

Card offer APRs recently set new record highs before finally turning south last week. This week, rates fell again after added the Blue for Business card from American Express to the database.

Data shows that business card lending is increasing, so we felt it was necessary to slightly increase the number of business cards in our database. In the Federal Reserve's recent survey of banks' senior loan officers, for example, 12.2 percent of all lenders reporting raising business credit card limits in the third quarter. Among small banks, 26 percent said they had done so.

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

NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to