Average APR on New Credit Card Offers Unchanged at 14.91%

Feb 16 2012
Average APR on New Credit Card Offers Unchanged at 14.91%

Average APR on New Credit Card Offers Unchanged at 14.91%

The average interest rate on a new credit card offer remained unchanged, according to the Weekly Credit Card Rate Report, as credit card APRs’ recent holding pattern continued.

The average is composed 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 are listed below:

Credit Card Rate Averages
Avg. APRLast Week6 Months ago
National Average14.91%14.91%14.88%
Low Interest10.40%10.40%10.73%
Balance Transfer12.60%12.60%12.73%
Cash Back14.45%14.45%14.16%
Instant Approval15.49%15.49%15.99%
Bad Credit23.41%23.41%24.96%
Updated: 02-15-12

For the third straight week, the average annual percentage rate (APR) stayed at 14.91 percent, matching its lowest level since August 2011.

It is the ninth straight week without an increase in the national average APR — the longest such stretch since began tracking rates in 2007.

The last increase came in mid-December as rates shot from 14.98 percent to a record 15.22 percent. That jump was the largest in more than a year. However, rates have slowly fallen since then, including two declines in 2012.

Rates have also been unchanged week-to-week five times in 2012. That’s unusual because we’ve traditionally seen issuers make moves around the first of the year.

The credit card rate survey (permalink: 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 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.,, enables consumers to search for, compare and apply for credit cards and offers credit card issuers an online channel to acquire qualified applicants.

Related Posts Plugin for WordPress, Blogger...
Subscribe in a reader

Enter your email address:

Delivered by FeedBurner

Short URL:

Filed under Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments are closed

Search Archive

Search by Date
Search by Category
Search with Google
Copyright ©2010,

Page optimized by WP Minify WordPress Plugin