Rates for card categories tracked by CreditCards.com are listed below:
For the eighth week in a row, the national average APR has remained fixed at 15.18 percent.
Interest rates on new credit card offers are currently near record highs and show few signs of dropping anytime soon. After increasing steadily earlier this year in response to the Federal Reserve's December 2015 rate increase, minimum rates on new credit card offers have largely remained unchanged. Since March 1, for example, the national average has changed just three times. It has increased twice and fallen just once.
A number of card issuers have increased maximum interest rates on new card offers; but the increases aren't reflected in the national average because CreditCards.com only considers a card's lowest available rate when calculating average interest rates.
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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