CreditCards.com Weekly Credit Card Rate Report: Average card APR remains locked at 15.18 percent

AUSTIN, TX - (PRNewswire) The average APR on new card offers held steady 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 Rate Averages
	Avg. APR	Last week	6 months ago
National Average	15.18%	15.18%	15.18%
Low Interest	11.98%	11.98%	11.96%
Balance Transfer	14.38%	14.38%	14.35%
Business	13.12%	13.12%	13.12%
Student	13.42%	13.42%	13.42%
Cash Back	15.32%	15.32%	15.26%
Airline	15.08%	15.08%	15.17%
Reward	15.29%	15.29%	15.28%
Instant Approval	18.04%	18.04%	18.21%
Bad Credit	22.56%	22.56%	22.88%
Source: CreditCards.com
Updated: 8-03-2016

For the eighth week in a row, the national average APR has remained fixed at 15.18 percent.
Interest rates on new credit card offers are currently near record highs and show few signs of dropping anytime soon. After increasing steadily earlier this year in response to the Federal Reserve's December 2015 rate increase, minimum rates on new credit card offers have largely remained unchanged. Since March 1, for example, the national average has changed just three times. It has increased twice and fallen just once.
A number of card issuers have increased maximum interest rates on new card offers; but the increases aren't reflected in the national average because CreditCards.com only considers a card's lowest available rate when calculating average interest rates.
The CreditCards.com credit card rate survey (permalink: http://www.creditcards.com/rate-report) is conducted weekly, using offer data from 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.