Rates for card categories tracked by CreditCards.com are listed below:
For the fourth week in a row, the national average annual percentage rate remained at 15.22 percent -- an almost five-year high.
None of the cards tracked by CreditCards.com advertised new interest rates. Promotional rates remained unchanged as well.
This is the 38th week in a row that the national average APR has stayed above 15.10 percent. Meanwhile, the average APR for the year rose to 15.18 percent -- an all-time high.
Rates haven't stayed this high for this long since CreditCards.com began tracking rates in mid-2007. Rates on new and current card offers are expected to rise again after the Federal Reserve raises its benchmark interest rate, the federal funds rate.
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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