Wednesday, August 3, 2016 Weekly Credit Card Rate Report: Average card APR remains locked at 15.18 percent

Austin, Texas — The average APR on new card offers held steady 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 15.18% 15.18% 15.18%
Low Interest 11.98% 11.98% 11.96%
Balance Transfer 14.38% 14.38% 14.35%
Business 13.12% 13.12% 13.12%
Student 13.42% 13.42% 13.42%
Cash Back 15.32% 15.32% 15.26%
Airline 15.08% 15.08% 15.17%
Reward 15.29% 15.29% 15.28%
Instant Approval 18.04% 18.04% 18.21%
Bad Credit 22.56% 22.56% 22.88%
Updated: 8-3-16

For the eighth week in a row, the national average APR has remained fixed at 15.18 percent.

Interest rates on new credit card offers are currently near record highs and show few signs of dropping anytime soon. After increasing steadily earlier this year in response to the Federal Reserve's December 2015 rate increase, minimum rates on new credit card offers have largely remained unchanged. Since March 1, for example, the national average has changed just three times. It has increased twice and fallen just once.

A number of card issuers have increased maximum interest rates on new card offers; but the increases aren't reflected in the national average because only considers a card's lowest available rate when calculating average interest rates.

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