Rates for card categories tracked by CreditCards.com are listed below:
For the second week in a row, the national average annual percentage rate remained at 15.22 percent -- a nearly five-year high. The last time the average card rate rose to this level was in December 2011 when the national average briefly peaked at 15.22 percent.
Most issuers left interest rates alone this week. The sporting goods store Cabela's revised the APR on the Cabela's Club Visa to reflect a change in the one-month Libor rate. However, the change was too small to affect the national average. Cabela's card holders are now offered a range of APRs starting at 15.51 percent and maxing out at 21.51 percent.
None of the cards included in the database altered promotional terms this week.
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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