logo
  Join        Login             Stock Quote

CreditCards.com Weekly Credit Card Rate Report: Credit card interest rates remain unchanged

Wednesday, September 18, 2013 3:19 PM


CreditCards.com Weekly Credit Card Rate Report: Credit card interest rates remain unchanged

AUSTIN, Texas, Sept. 18, 2013 /PRNewswire/ -- Average rates on new credit card offers remained flat this week, according to the CreditCards.com Weekly Credit Card Rate Report.

(Logo: http://photos.prnewswire.com/prnh/20090210/CCLOGO)

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 Averages




Avg. APR

Last week

6 months ago

National Average

14.99%

14.99%

14.95%

Low Interest

10.46%

10.46%

10.29%

Balance Transfer

12.41%

12.41%

12.59%

Business

12.98%

12.98%

13.13%

Student

13.27%

13.27%

13.16%

Cash Back

14.51%

14.51%

14.13%

Airline

14.51%

14.51%

14.63%

Reward

14.82%

14.82%

14.75%

Instant Approval

28.00%

28.00%

15.49%

Bad Credit

23.48%

23.48%

23.64%

Source: CreditCards.com

Updated: 09-18-2013

The national average annual percentage rate (APR) remained stuck at 14.99 percent Wednesday.

None of the cards tracked by CreditCards.com announced new rates this week. Issuers left promotional offers -- including 0 percent APRs and interest-free balance transfers -- alone as well.

This is the third week that the national average APR has hovered just below 15 percent. Average rates rose to 14.99 percent on Sept. 4, after CreditCards.com removed several cards that were no longer being promoted online and replaced them with similar offers.

Currently, the average APR for the year is 14.96 percent -- the same as it was last year. In 2012, average rates for the year settled at 14.96 percent, after rising to 14.85 percent the year before.

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.

SOURCE CreditCards.com

(Source: PR Newswire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.