Wednesday, August 09, 2017 Weekly Credit Card Rate Report: Average card APR climbs to another all-time high

Austin, Texas — The average credit card rate remained at a record high 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 16.13% 16.13% 15.44%
Low Interest 12.87% 12.87% 12.24%
Balance Transfer 15.36% 15.35% 14.68%
Business 13.68% 13.68% 13.41%
Student 15.64% 15.64% 13.67%
Cash Back 16.37% 16.36% 15.60%
Airline 16.06% 16.06% 15.40%
Reward 16.22% 16.21% 15.50%
Instant Approval 18.57% 18.57% 18.07%
Bad Credit 23.46% 23.46% 23.01%
Updated: 8-09-17

For the second consecutive week, the national average APR clocked in at 16.13 percent.

Most issuers left card rates unchanged. Two cards included in the weekly rate report increased rates by a quarter of a percent in response to the Federal Reserve's June 2017 rate change. But the changes were too small to affect the national average.

The national average is now almost a full point higher than it was a year ago. On August 9, 2016, the average APR registered at just 15.18 percent, which at the time was close to a record high. Between 2011 and 2016, average card rates stayed within close rounding distance of 15 percent, before rising by more three quarters of a percent in 2017.

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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