Wednesday, February 8, 2017 Weekly Credit Card Rate Report: Average card APR holds steady at 15.44 percent

Austin, Texas — The national average APR on new credit card offers remained at a 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 15.44% 15.44% 15.18%
Low Interest 12.24% 12.24% 11.98%
Balance Transfer 14.69% 14.68% 14.38%
Business 13.41% 13.41% 13.12%
Student 13.67% 13.67% 13.42%
Cash Back 15.61% 15.60% 15.32%
Airline 15.40% 15.40% 15.08%
Reward 15.51% 15.50% 15.29%
Instant Approval 18.09% 18.07% 18.04%
Bad Credit 23.01% 23.01% 22.56%
Updated: 2-8-17

For the second consecutive week, the national average APR hit 15.44 percent, which is the highest national average has recorded since it began tracking rates in mid-2007.

Several issuers tweaked card offers this week, but the changes were too small to affect the national average. The regional First National Bank increased the APR on its American Express card by 0.25 percent in order to match a December 2016 rate hike by the Federal Reserve. The grocery chain Meijer also increased the APR on its Platinum MasterCard by a quarter of a percent.

Meanwhile, the sporting goods store Cabela's increased the APR on the Cabela's Club Visa by 0.01 percent after the one-month Libor rate increased.

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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