AUSTIN, Texas, Sept. 23, 2015 /PRNewswire/ -- Interest rates on new credit card offers stayed put this week, according to the CreditCards.com Weekly Credit Card Rate Report.
The average is comprised of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category. Introductory (teaser) rates are not included in the calculation.
Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Rate Averages |
|||
Avg. APR |
Last week |
6 months ago |
|
National Average |
15.00% |
15.00% |
14.87% |
11.62% |
11.62% |
11.53% |
|
14.12% |
14.12% |
14.01% |
|
12.85% |
12.85% |
12.85% |
|
13.14% |
13.14% |
13.14% |
|
15.27% |
15.27% |
15.28% |
|
15.10% |
15.10% |
15.15% |
|
15.14% |
15.14% |
15.00% |
|
18.00% |
18.00% |
17.93% |
|
22.73% |
22.73% |
22.48% |
|
Source: CreditCards.com |
|||
Updated: 09-23-2015 |
None of the issuers tracked by CreditCards.com revised APRs on new card offers. As a result, the national average annual percentage rate remained fixed at 15 percent for the 14th consecutive week. Issuers also left promotional APRs and interest-free balance transfer offers unchanged for the fourth consecutive week.
The past 14 weeks represent the longest unbroken period in which average rates haven't changed since CreditCards.com began tracking rates in mid-2007. Over the past three months, issuers have edited a handful of promotional offers, but have left most card terms alone. The sporting goods store Cabela's tweaked the APR on the Cabela's Club Visa in early September after the LIBOR rate increased, but it didn't affect the national average.
The CreditCards.com credit card rate survey (permalink: http://www.creditcards.com/rate-report) is conducted weekly, using offer data from the 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.
About CreditCards.com
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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SOURCE CreditCards.com
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