Wednesday, August 02, 2017 Weekly Credit Card Rate Report: Average card APR climbs to another all-time high

Austin, Texas — The national average APR for new card offers climbed again this week, reaching an all-time high of 16.13 percent, 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 16.13% 16.11% 15.44%
Low Interest 12.87% 12.84% 12.24%
Balance Transfer 15.35% 15.34% 14.68%
Business 13.68% 13.68% 13.41%
Student 15.64% 15.64% 13.67%
Cash Back 16.36% 16.34% 15.60%
Airline 16.06% 16.06% 15.40%
Reward 16.21% 16.20% 15.50%
Instant Approval 18.57% 18.55% 18.07%
Bad Credit 23.46% 23.46% 23.01%
Updated: 8-02-17

For the 19th time this year, the national average APR broke a record for the highest national average APR has recorded since it began tracking rates in mid-2007. Before this year, the highest average had recorded was 15.29 percent — a difference of 0.84 percent.

Several card issuers increased rates this week. The credit unions Pentagon Federal Credit Union and Navy Federal Credit Union and the regional bank, Fifth Third Bank, increased rates on their cards by a quarter of a percent. Several gas and retail cards also increased rates by 0.25 percent.

Most issuers have now increased rates by 0.25 percent in response to the Federal Reserve's mid-June rate hike.

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

NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to