Wednesday, February 22, 2017 Weekly Credit Card Rate Report: Average card APR remains unchanged at 15.50 percent

Austin, Texas — The national average APR on new card offers remained fixed at an all-time 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% 15.50% 15.19%
Low Interest 12.36% 12.36% 11.98%
Balance Transfer 14.76% 14.76% 14.39%
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% 15.13%
Reward 15.57% 15.57% 15.30%
Instant Approval 18.09% 18.09% 18.04%
Bad Credit 23.01% 23.01% 22.56%
Updated: 2-22-17

For the second straight week, the national average APR remained lodged at an all-time high of 15.50 percent. Previously, the highest APR had recorded was 15.44 percent.

This month marks the first time on record that the national average APR has come within rounding distance of 16 percent. Before this year, the average APR stayed within rounding distance of 15 percent for more than six consecutive years.

None of the cards tracked by altered interest rates this week. Most card issuers also left promotional terms unchanged.

U.S. Bank strengthened the promotional offer on one of its standard credit cards. Visa Platinum cardholders are now given 15 months to make interest-free purchases and balance transfers.

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