September 4, 2013 Weekly Credit Card Rate Report: Credit card interest rates rise to 14.99 percent

Austin, Texas—Average rates on new credit card offers rose this week for the first time in more than two months, 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 14.99% 14.95% 14.95%
Low Interest 10.46% 10.46% 10.29%
Balance Transfer 12.41% 12.44% 12.59%
Business 12.98% 12.98% 13.13%
Student 13.27% 13.27% 13.16%
Cash Back 14.51% 14.51% 14.13%
Airline 14.51% 14.63% 14.63%
Reward 14.82% 14.77% 14.75%
Instant Approval 28.00% 28.00% 15.49%
Bad Credit 23.48% 23.48% 23.64%
Updated: 9-04-13

The national average annual percentage rate (APR) climbed to 14.99 percent Wednesday, after hovering between 14.95 percent and 14.96 percent for 13 weeks. This is the first time since 2012 that the national average has risen above 14.98 percent.

Unlike previous rate changes, however, this week’s change was spurred by a reshuffling of cards in the database, rather than by a new APR on an existing card. Occasionally, swaps out cards that have been discontinued or taken offline by issuers and replaces them with similar offers.

This week, removed a number of cards that were no longer being promoted online, including the Citi Gold Aadvantage Visa Signature card and the BankAmericard Power Rewards Visa Signature card.

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

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