September 3, 2014
Austin, Texas—Average credit card interest rates remained unchanged 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) remained at 15.06 percent Wednesday after increasing by .03 percent the previous week.
Most credit card issuers left interest rates alone. The sporting goods store Cabela's reduced the lowest available APR on the Cabela's Club Visa from 15.15 percent to 15.14 percent. But the change was too small to affect the national average. Cabela's also lowered the maximum available APR to 21.14 percent.
USAA was also active this week. The bank introduced a 12-month 0 percent balance transfer offer to at least two of its credit cards: The USAA World MasterCard and the USAA American Express card.
Meanwhile, the retail giant Walmart retooled its co-branded credit card. The Walmart Discover card is now the Walmart MasterCard.
The CreditCards.com credit card rate survey (permalink: https://www.creditcards.com/rate-report) 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.
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:
Senior Industry Analyst
512-996-8663, ext. 103
NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to CreditCards.com.