Wednesday, April 13, 2016 Weekly Credit Card Rate Report: Average card rate holds steady at 15.16 percent for 10th week

Austin, Texas — The average credit card interest rate remained unchanged Wednesday, according to the 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 are listed below:

Credit Card Rate Averages
  Avg. APR Last Week 6 Months ago
National Average 15.16% 15.16% 15.01%
Low Interest 11.96% 11.96% 11.62%
Balance Transfer 14.36% 14.36% 14.12%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Cash Back 15.21% 15.21% 15.27%
Airline 15.17% 15.17% 15.14%
Reward 15.26% 15.26% 15.15%
Instant Approval 18.04% 18.04% 18.00%
Bad Credit 22.56% 22.56% 22.73%
Updated: 4-13-16

None of the cards included in the Weekly Rate Report altered minimum interest rates this week. As a result, the national average annual percentage rate remained at 15.16 percent for the tenth straight week.

Barclaycard floated a test offer containing a higher maximum rate on the Wyndham Rewards Visa Signature card. Some applicants are being offered a wider range of APRs, starting at 15.49 percent and maxing out at 25.24 percent. Others are still being offered a lower range of 15.49 percent to 20.24 percent.

Chase recently added higher maximum rates to some of its card offers as well. The higher rates could indicate that issuers such as Barclaycard and Chase are opening their doors to a wider range of applicants.

The credit card rate survey (permalink: 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.

About 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.,, enables consumers to search for, compare and apply for credit cards and offers credit card issuers an online channel to acquire qualified applicants.

For more information, contact:


Matt Schulz
Senior Industry Analyst
512-996-8663, ext. 103

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