Wednesday, February 15, 2017 Weekly Credit Card Rate Report: Average card APR jumps to 15.50 percent

Austin, Texas — The national average APR on new card offers climbed to another 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 15.50% 15.44% 15.18%
Low Interest 12.36% 12.24% 11.98%
Balance Transfer 14.76% 14.69% 14.38%
Business 13.41% 13.41% 13.12%
Student 13.67% 13.67% 13.42%
Cash Back 15.61% 15.61% 15.32%
Airline 15.40% 15.40% 15.08%
Reward 15.57% 15.51% 15.29%
Instant Approval 18.09% 18.09% 18.04%
Bad Credit 23.01% 23.01% 22.56%
Updated: 2-15-17

The average card APR rose to 15.50 percent — the highest national average has recorded — after Wells Fargo dramatically revised an offer.

Wells Fargo increased the minimum APR on the Wells Fargo Rewards card from a low of 12.65 percent to a minimum rate of 17.65 percent. The card's new minimum rate is substantially higher than the national average APR for rewards cards, which currently clocks in at 15.57 percent.

Citi also modestly increased the APR on one of its rewards cards by half a percentage point, bumping the APR on the Diamond Preferred card to 12.99 percent. Meanwhile, U.S. Bank increased the maximum APR on its Visa Platinum card from 21.49 to 22.49 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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