September 10, 2014 Weekly Credit Card Rate Report: Average card rates remain unchanged at 15.06 percent

Austin, Texas—Average credit card interest rates 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% 15.01%
Low Interest 10.37% 10.37% 10.33%
Balance Transfer 12.73% 12.73% 12.66%
Business 12.80% 12.80% 12.98%
Student 13.27% 13.27% 13.27%
Cash Back 14.94% 14.94% 14.84%
Airline 15.46% 15.46% 15.30%
Reward 15.04% 15.04% 14.97%
Instant Approval 28.00% 28.00% 28.00%
Bad Credit 22.73% 22.73% 23.73%
Updated: 9-10-14

The national average annual percentage rate (APR) remained at 15.06 percent Wednesday for the third consecutive week. None of the cards tracked by advertised new interest rates.
Average rates on new card offers are currently near record highs and show few signs of falling significantly any time soon. The last time average rates were this high was in early January when the national average began the year at 15.06 percent.

Since then, average rates have hovered just above 15 percent for most of 2014. The last time average rates fell below 15 percent was in September 2013.

Card issuers rarely lower interest rates these days. The national average has increased six times since the beginning of the year. It's fallen just twice.

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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