Credit card interest rates remain at 15.01 percent
AUSTIN, Texas, Feb. 26, 2014 Average 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 Averages
|
Avg. APR
|
Last week
|
6 months ago
| |
|
National Average
|
15.01%
|
15.01%
|
14.95%
|
|
10.33%
|
10.33%
|
10.46%
| |
|
12.66%
|
12.66%
|
12.44%
| |
|
12.98%
|
12.98%
|
12.98%
| |
|
13.27%
|
13.27%
|
13.27%
| |
|
14.84%
|
14.71%
|
14.51%
| |
|
15.30%
|
15.30%
|
14.63%
| |
|
14.97%
|
15.03%
|
14.77%
| |
|
28.00%
|
28.00%
|
28.00%
| |
|
22.73%
|
22.73%
|
23.48%
| |
|
Source: CreditCards.com
| |||
|
Updated: 2-26-2014
| |||
The
national average annual percentage rate (APR) remained at 15.01 percent
Wednesday after rising by just .01 percent the previous week.
None
of the cards tracked by CreditCards.com advertised new interest rates.
Issuers left promotional terms, including introductory APRs and balance
transfers, unchanged as well.
Average
rates in two subcategories did change slightly this week. However, that
was due to a minor reshuffling of the CreditCards.com database, rather
than a rate change.
The
national average has remained at or above 15 percent for the past 23
consecutive weeks. That's the longest stretch of time average rates have
remained above 14.99 percent since CreditCards.com began tracking rates
in mid-2007.
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.
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.
RELATED LINKS
http://www.creditcards.com
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