Average credit card APRs are up .1% from earlier in month to 15.1% after averaging a meager .04% change over the past year. The figure is also up substantially on the year ago figure of 14.9. This follows a relatively lengthy period of APR stagnation since the holiday months.
Typically, card rates drop off throughout the first quarter, as was the case last year when the monthly average dropped from 14.95% to 14.87% between January and March, allowing cardholders to catch up on their bills. Meanwhile, low interest annual percentage rates remained the same at 10.37%; business card rates still sit at 12.80%; student cards APRs remained at 13.27%; and bad credit consumer cards remained the same at 22.73%.