Saturday, December 20, 2014 Last update: 8:33 AM - Covering Large & Obscure Tech Companies Since 1996 Weekly Credit Card Rate Report: Average card rates remain unchanged

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AUSTIN, Texas, Aug. 20, 2014 /PRNewswire/ -- Average rates on new credit card offers 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                 15.03%           15.03%              15.01%

    Low Interest                     10.37%           10.37%              10.33%

    Balance Transfer                 12.64%           12.64%              12.66%

    Business                         12.80%           12.80%              12.98%

    Student                          13.27%           13.27%              13.27%

    Cash Back                        14.91%           14.91%              14.71%

    Airline                          15.46%           15.46%              15.30%

    Reward                           15.00%           15.00%              15.03%

    Instant Approval                 28.00%           28.00%              28.00%

    Bad Credit                       22.73%           22.73%              22.73%


    Updated: 8-20-2014

The national average annual percentage rate (APR) remained at 15.03 percent Wednesday for the seventh consecutive week.

Issuers left promotional interest rates and 0 percent balance transfer offers unchanged this week as well.

Credit card issuers have been reluctant to change rates for most of 2014. Since Jan. 1, the national average has changed just seven times. In most of those cases, the national average went up rather than down.

Issuers have been hesitant to lower card rates for some time now. As a result, the national average has fallen just twice in the past 12 months. By contrast, it's increased 10 times since Aug. 20, 2013.

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.

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