Average Credit Card Rates Fall for First Time in 5 Months
Press release from the issuing company
Thursday, September 25th, 2014
Average rates on new credit card offers dipped this week for the first time in more than five months, 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 |
15.05% |
15.06% |
15.01% |
|
10.37% |
10.37% |
10.33% |
|
|
12.73% |
12.73% |
12.66% |
|
|
12.80% |
12.80% |
12.98% |
|
|
13.24% |
13.27% |
13.27% |
|
|
14.91% |
14.94% |
14.84% |
|
|
15.46% |
15.46% |
15.30% |
|
|
15.02% |
15.04% |
14.97% |
|
|
28.00% |
28.00% |
28.00% |
|
|
22.73% |
22.73% |
22.73% |
|
|
Source: CreditCards.com |
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|
Updated: 9-24-2014 |
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The national average annual percentage rate (APR) fell to 15.05 percent Wednesday after remaining stuck at 15.06 percent for four weeks.
Unlike previous rate changes, however, this week's change was due to a reshuffling of the CreditCards.com database rather than a terms change.
