October 9, 2013
Austin, Texas—Average rates on new credit card offers remained flat this week, according to the CreditCards.com 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 CreditCards.com are listed below:
|Credit Card Rate Averages|
|Avg. APR||Last Week||6 Months ago|
The national average annual percentage rate (APR) rose to 15.03 percent Wednesday after Barclays increased the lowest available APR on its rewards card for U.S. football fans.
Applicants who qualify for the NFL ExtraPoints Visa from Barclays will now be offered a range of APRs, starting at 14.99 percent and topping out at 22.99 percent. Previously, some applicants were offered a slightly lower APR of 13.74 percent.
In addition, Barclays eliminated the card's introductory APR and promotional balance transfer offers.
Two other issuers were also active this week. Discover shortened the length of time cardholders can take advantage of the Discover "it" card's promotions from 14 months to 12 months. Meanwhile, Credit One lowered the Visa Platinum card's annual fee from $99 per year to $75.
CreditCards.com 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. CreditCards.com, https://www.creditcards.com, 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:
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 CreditCards.com.