Wednesday, December 7, 2016 Weekly Credit Card Rate Report: Average card APR holds steady at 15.18 percent for ninth week

Austin, Texas — The average APR on new card offers held still Wednesday despite multiple small rate changes, 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% 15.19%
Low Interest 12.00% 12.00% 11.96%
Balance Transfer 14.41% 14.41% 14.39%
Business 13.16% 13.12% 13.12%
Student 13.42% 13.42% 13.42%
Cash Back 15.33% 15.33% 15.30%
Airline 15.15% 15.13% 15.17%
Reward 15.25% 15.24% 15.30%
Instant Approval 17.86% 17.86% 18.04%
Bad Credit 22.86% 22.86% 22.56%
Updated: 12-7-16

For the ninth week, the national average APR stayed put at 15.18 percent

Two cards included in the weekly rate report advertised new interest rates. However, the changes were too small to affect the national average.

Citi increased the APR on the CitiBusiness Aadvantage Platinum Select card from 15.49 to 15.99 percent. Meanwhile, sporting goods store Cabela's bumped the minimum APR on the Cabela's Club Visa card from 15.52 to 15.61 percent.

Together, the changes caused average rates on airline, rewards and business credit cards to increase slightly.

Discover was also active this week. It lengthened the interest-free promotional period on the Discover "it" credit card from 12 to 14 months.

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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