Wednesday, August 17, 2016 Weekly Credit Card Rate Report: Average card APR inches up to 15.19 percent

Austin, Texas — The average APR on new credit card offers ticked up 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 15.19% 15.18% 15.16%
Low Interest 11.98% 11.98% 11.96%
Balance Transfer 14.39% 14.38% 14.35%
Business 13.12% 13.12% 13.12%
Student 13.42% 13.42% 13.42%
Cash Back 15.32% 15.32% 15.20%
Airline 15.13% 15.08% 15.17%
Reward 15.30% 15.29% 15.25%
Instant Approval 18.04% 18.04% 18.02%
Bad Credit 22.56% 22.56% 22.56%
Updated: 8-17-16

After remaining at 15.18 percent for nine consecutive weeks, the national average annual percentage rate (APR) rose to 15.19 percent.

American Express sparked this week's rate increase by hiking the APR on two of its airline cards. It bumped the lowest available interest rates on the Gold Delta SkyMiles card and the Platinum Delta SkyMiles card from 15.49 percent to 15.99 percent, causing the national average to increase.

It also expanded the cards' maximum rates by over 5 percentage points, widening the APR spread to 8 points. only considers a card's lowest available interest rate when calculating average rates, though, so the change didn't affect the national average. Delta Airlines fans are now offered a maximum APR of 24.99 percent.

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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