AUSTIN, Texas, Oct. 14, 2015 /PRNewswire/ -- Average rates on new credit card offers rose Wednesday for the first time since June, 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 |
15.01% |
15.00% |
14.90% |
11.62% |
11.62% |
11.62% |
|
14.12% |
14.12% |
14.04% |
|
12.85% |
12.85% |
12.85% |
|
13.14% |
13.14% |
13.14% |
|
15.27% |
15.27% |
15.28% |
|
15.14% |
15.10% |
15.10% |
|
15.15% |
15.14% |
15.04% |
|
18.00% |
18.00% |
17.93% |
|
22.73% |
22.73% |
22.48% |
|
Source: CreditCards.com |
|||
Updated: 10-14-2015 |
The national average annual percentage rate (APR) rose to 15.01 percent after remaining at 15 percent for more than three months.
Unlike most national average changes, however, this week's change was due to a reshuffling of the cards in the CreditCards.com database rather than a rate change. Earlier this month, American Express stopped taking online applications for the JetBlue card and CreditCards.com replaced the card in the database with another travel card.
JetBlue reportedly ended its credit card agreement with American Express in February.
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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