September 11, 2013 Weekly Credit Card Rate Report: Credit card interest rates remain at 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% 14.99% 14.95%
Low Interest 10.46% 10.46% 10.29%
Balance Transfer 12.41% 12.41% 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% 14.51% 14.63%
Reward 14.82% 14.82% 14.75%
Instant Approval 28.00% 28.00% 15.49%
Bad Credit 23.48% 23.48% 23.64%
Updated: 9-11-13

The national average annual percentage rate (APR) remained at 14.99 percent Wednesday, after climbing the previous week for the first time in more than two months.

Most issuers left credit card terms alone this week. The sporting goods store Cabela’s lowered the minimum APR on the Cabela’s Club Visa from 15.18 percent to 15.17 percent. However, the change to the store card’s APR wasn’t big enough to dent the national average.

Barclays was also active. For the third time in four weeks, Barclays floated a new promotional offer on the US Airways Premier World MasterCard.

Barclays introduced a 12-month, 0 percent purchase APR to the US Airways card. In addition, Barclays shortened the airline card’s interest-free balance transfer offer from 15 months to 12 months.

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