Wednesday, Feb. 17, 2016 Weekly Credit Card Rate Report: Average card rate remains at 15.16 percent

Austin, Texas — The national average annual percentage rate remained near a record high Wednesday after falling the previous week for the first time in about a month, 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 15.16% 15.16% 15.00%
Low Interest 11.96% 11.96% 11.62%
Balance Transfer 14.35% 14.35% 14.12%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Cash Back 15.20% 15.20% 15.27%
Airline 15.17% 15.17% 15.10%
Reward 15.25% 15.25% 15.14%
Instant Approval 18.02% 18.02% 18.00%
Bad Credit 22.56% 22.56% 22.73%
Updated: 2-17-16

None of the issuers tracked by raised minimum rates this week. As a result, the national average annual percentage rate remained unchanged at 15.16 percent.

Chase added a maximum APR of 23.24 percent to the Marriott Rewards Premier credit card. However, the change didn't affect the national average as Chase left the minimum rate of 16.24 percent alone. only considers a card's lowest available interest rate when calculating average rates.

Despite falling twice this year, interest rates are currently near record highs. The last time average rates rose above 15.16 percent was in December 2011 when the national average briefly peaked at 15.22 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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