Wednesday, August 24, 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 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 15.19% 15.19% 15.16%
Low Interest 11.98% 11.98% 11.96%
Balance Transfer 14.39% 14.39% 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% 15.13% 15.17%
Reward 15.30% 15.30% 15.25%
Instant Approval 18.04% 18.04% 18.02%
Bad Credit 22.56% 22.56% 22.56%
Updated: 8-24-16

For the second consecutive week, the national average annual percentage rate (APR) remained at 15.19 percent.

Most cards included in the database left interest rates alone this week. The regional bank BB&T lowered the minimum available rate on the BB&T Spectrum Rewards card, but the change was too small to affect the national average.

Applicants are now offered a minimum rate of 10.40 percent — down from a previous low of 10.90 percent. BB&T also lowered the card's maximum rate by more than 4 percentage points, reducing the card's maximum APR from 23.99 percent to 19.40 percent. The change didn't affect the national average, though, because only considers a card's lowest available interest rate.

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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