Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Rate Averages
None of the cards tracked by CreditCards.com advertised new interest rates. Issuers also left promotional terms unchanged.
Average rates are currently at their lowest point in more than two months. For six weeks, the national average APR hovered at 15.22 percent -- a near-record high.
Despite dipping to 15.18 percent, average APRs on new card offers are still elevated by historical standards. Since January 1, for example, the average APR remained solidly above 15.10 percent. That's the longest stretch of time average rates have remained well above 15 percent since CreditCards.com began tracking rates in mid-2007. As a result, the national average APR for the year has climbed to 15.18 percent -- an all-time record.
The CreditCards.com credit card rate survey (permalink: http://www.creditcards.com/rate-report) is conducted weekly, using offer data from 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, http://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.
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