The national average annual percentage rate on new credit card offers fell to 14.92 percent this week, the first week in nearly two months that the APR has declined, according to CreditCards.com
The dip from last week’s 14.93 percent rate was spurred by a rate change on the CitiBusiness World MasterCard.
Citi lowered the card’s APR by one percentage point, from 14.24 percent to 13.24 percent.
Discover was also active this week. The issuer widened the range on two of its rewards cards: the Miles by Discover card and the Discover Escape card.
Previously, both cards advertised a five-point range of 10.99 percent to 15.99 percent. Both cards now have a wider range of 10.99 percent to 19.99 percent.
|Credit Card Rate Averages|
|Avg. APR||Last Week||6 Months ago|