Wednesday, April 19, 2017 Weekly Credit Card Rate Report: Average card APR remains at 15.72 percent for second week

Austin, Texas — The average APR for new card offers remained unchanged this week, 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 15.72% 15.72% 15.18%
Low Interest 12.57% 12.57% 12.00%
Balance Transfer 14.99% 14.99% 14.41%
Business 13.64% 13.64% 13.12%
Student 13.92% 13.92% 13.42%
Cash Back 15.77% 15.77% 15.33%
Airline 15.74% 15.73% 15.13%
Reward 15.81% 15.80% 15.24%
Instant Approval 18.23% 18.23% 17.86%
Bad Credit 23.20% 23.20% 22.86%
Updated: 4-19-17

For the second week in a row, the national average APR remained at 15.72 percent -- an all-time record.

Average rates are currently at their highest point since began tracking rates in mid-2007. Thus, the average APR for the year has climbed to 15.52 percent. Before 2017, the highest APR recorded was 15.29 percent. The average APR for 2016 was 15.18 percent.

Most issuers left rates unchanged this week; however, Chase just announced increases that will be reflected in next week's report. The Southwest Airlines Rapid Rewards Premier credit card advertised a slightly higher APR in response to the Federal Reserve's March 2017 quarter-point rate increase. But the change was too small to affect the national average.

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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