Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Rate Averages
For the second week in a row, the national average annual percentage rate (APR) remained unchanged at 15.18 percent. None of the cards tracked by CreditCards.com advertised new interest rates.
Promotional terms, such as 0 percent balance transfer offers, also remained unchanged.
Average rates on new card offers are currently at record highs. The average APR for 2016, for example, rose to 15.17 percent this month -- up from an average of 14.92 percent during the same period in 2015. It's the highest average APR for the first half of the year that CreditCards.com has recorded since it began tracking rates in mid-2007.
This year's higher rates are likely here to stay. The last time average rates fell below 15.10 percent was in December 2015.
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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