CreditCards.com Weekly Credit Card Rate Report: Credit card interest rates rise to 15.01 percent

CreditCards.com Weekly Credit Card Rate Report: Credit card interest rates rise to 15.01 percent

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE CreditCards.com

AUSTIN, Texas, May 7, 2014 /PRNewswire/ -- Average rates on new credit card offers inched higher this week, according to the CreditCards.com Weekly Credit Card Rate Report.

CREDITCARDS.COM logo.

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%

15.05%

Low Interest

10.37%

10.37%

10.46%

Balance Transfer

12.64%

12.64%

12.55%

Business

12.80%

12.80%

12.98%

Student

13.27%

13.27%

13.27%

Cash Back

14.84%

14.84%

14.62%

Airline

15.30%

15.30%

14.51%

Reward

14.97%

14.96%

14.90%

Instant Approval

28.00%

28.00%

28.00%

Bad Credit

22.73%

22.73%

23.48%

Source: CreditCards.com

Updated: 5-07-2014

The national average annual percentage rate (APR) rose to 15.01 percent Wednesday after remaining at 15 percent for three straight weeks.

Chase spurred this week's rate increase by boosting the APR on the Marriott Rewards Visa Signature card. Applicants who click on the hotel card's online application are now offered a single APR of 15.99 percent. Previously, some applicants were offered a slightly lower interest rate of 15.24 percent.

Barclays was also active this week. The issuer eliminated the 0 percent purchase APR on the U.S. Airways Premier World MasterCard. Previously, applicants had up to a year to make interest-free purchases. In addition, Barclays extended the airline card's interest-free balance transfer offer from 12 months to 15 months.

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.

Logo - http://photos.prnewswire.com/prnh/20090210/CCLOGO

©2012 PR Newswire. All Rights Reserved.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Father beats accused child abuser, Daytona police say

    Father beats accused child abuser, Daytona police say

    Police say a Daytona Beach father beat an 18-year-old man unconscious after finding him sexually abusing his son. Authorities say the father called 911 early Friday after he walked in on the alleged abuse.Frolander motionless on the living room floor. He had several knots on his face and was bleeding from the mouth. Police said the father -- who was not identified -- told investigators he walked in as Frolander was abusing the boy. Police did not release the boy's age, but Frolander is charge...More >>
    Police say a Daytona Beach father beat an 18-year-old man unconscious after finding him sexually abusing his son. Authorities say the father called 911 early Friday after he walked in on the alleged abuse.Frolander motionless on the living room floor. He had several knots on his face and was bleeding from the mouth. Police said the father -- who was not identified -- told investigators he walked in as Frolander was abusing the boy. Police did not release the boy's age, but Frolander is charge...More >>
  • Coming soon...Wal-Mart

    Coming soon...Wal-Mart

    On Wednesday the Yuma City Council voted to change the zoning designation on the proposed land acquired by Wal-Mart. The property located near the intersection of Avenue B and 8th Street was the home of a mobile home park as zones for residential use; the new designation changes that to mixed which will allow the new store to move in to the property. The new store will be the fifth Wal-Mart for Yuma County.More >>
    On Wednesday the Yuma City Council voted to change the zoning designation on the proposed land acquired by Wal-Mart. The property located near the intersection of Avenue B and 8th Street was the home of a mobile home park as zones for residential use; the new designation changes that to mixed which will allow the new store to move in to the property. The new store will be the fifth Wal-Mart for Yuma County.More >>
  • Mercury rising

    Mercury rising

    Living in the southwest, warm temps are just part of life; but, lately as the mercury begins to rise it has proven to be too much for some. Emergency crews have been called out fordehydrations calls and area utilities have recorded larger than normal power uses. Some companies have opened their doors offering passer by’s a cool zone and even the Salvation Army has scoured the city looking for people in aide to help them get hydrated and get some shelter from the sun.More >>
    Living in the southwest, warm temps are just part of life; but, lately as the mercury begins to rise it has proven to be too much for some. Emergency crews have been called out fordehydrations calls and area utilities have recorded larger than normal power uses. Some companies have opened their doors offering passer by’s a cool zone and even the Salvation Army has scoured the city looking for people in aide to help them get hydrated and get some shelter from the sun.More >>
  • Man wanted in US arrested in Mexicali

    Man wanted in US arrested in Mexicali

    MEXICALI, MX - A man wanted by authorities in Santa Maria, California was arrested in the Desert Southwest. Mexicali Police have arrested Severiano Leon Flores.More >>
  • Crime Watch

    Police investigating dead body found in parked car

    Police investigating dead body found in parked car

    YUMA, Ariz. (13 On Your Side) - Yuma police say a dead woman was found in a car parked at Food City on 8th Street on Tuesday night, at around 6:20 p.m. Police are investigating her cause of death andMore >>
    Yuma police are investigating the death of a woman who was found in a parked car Tuesday night.More >>
  • Reporter

    Grecia Aguilar

    Grecia Aguilar

    Grecia Aguilar joined "13 On Your Side" as the Bureau Chief Reporter assigned to El Centro. She graduated from San Diego State University in 2011 with a degree in Journalism and Spanish. During her seniorMore >>
    Grecia Aguilar joined "13 On Your Side" as the Bureau Chief Reporter assigned to El Centro. She graduated from San Diego State University in 2011 with a degree in Journalism and Spanish.More >>
  • Yuma

    Transit director responds to bus rider concerns

    Transit director responds to bus rider concerns

    YUMA, AZ (13 On Your Side) - Yesterday, 13 On Your Side spoke with 72-year-old Robert Perez, who uses public transportation and isn't happy with the service he's getting. He says, "you have to wait inMore >>
    Yesterday, 13 On Your Side spoke with 72-year-old Robert Perez, who uses public transportation and isn't happy with the service he's getting.More >>
  • Yuma

    Navy officially names fleet ship after Yuma

    Navy officially names fleet ship after Yuma

    Pretty soon a ship will be traveling the world bearing Yuma's name.More >>
    Pretty soon a ship will be traveling the world bearing Yuma's name.More >>