Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Rate Averages
Most card issuers left credit card offers alone this week.
Wells Fargo trimmed the promotional offers on two of its rewards cards. The Wells Fargo Cash Wise Visa and the Wells Fargo Rewards card now offer an interest-free balance transfer and 0 percent APR on purchases for just 12 months. Previously, cardholders were given up to 15 months before they were required to pay interest.
All other cards included in the CreditCards.com left interest rates and promotional offers alone this week.
Interest rates on new credit card offers are currently at record highs. The average APR for the year has settled at 15.18 percent -- the highest yearly average recorded since CreditCards.com began tracking rates in mid-2007.
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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