November 27, 2013 Weekly Credit Card Rate Report: Credit card interest rates rise to 15.06 percent

Austin, Texas—Average rates on new credit card offers held steady 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 15.06% 15.06% 14.98%
Low Interest 10.46% 10.46% 10.37%
Balance Transfer 12.55% 12.55% 12.48%
Business 12.98% 12.98% 12.98%
Student 13.27% 13.27% 13.16%
Cash Back 14.62% 14.62% 14.95%
Airline 14.51% 14.51% 14.63%
Reward 14.91% 14.91% 14.82%
Instant Approval 28.00% 28.00% 28.00%
Bad Credit 23.48% 23.48% 23.64%
Updated: 11-27-13

The national average annual percentage rate (APR) remained at 15.06 Wednesday after ticking up the previous week for the second time in four weeks.

This is the 10th week this year that the national average has remained above 15 percent. Average rates began periodically increasing in September after remaining largely unchanged for most of 2013.

On Sept. 4, the national average rose from 14.95 percent to 14.99 percent, then increased to 15.02 percent three weeks later. Since then, the national average has increased three more times over the course of two months.

This year, issuers have raised credit card interest rates more times than they have lowered them. Since Jan. 1, for example, the national average has increased nine times and fallen just five times.

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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