Wednesday, January 11, 2017 Weekly Credit Card Rate Report: Average card APR remains at 15.36 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 15.36% 15.36% 15.18%
Low Interest 12.16% 12.16% 11.98%
Balance Transfer 14.61% 14.60% 14.38%
Business 13.39% 13.37% 13.12%
Student 13.67% 13.67% 13.42%
Cash Back 15.51% 15.51% 15.32%
Airline 15.35% 15.35% 15.08%
Reward 15.44% 15.44% 15.29%
Instant Approval 18.00% 18.00% 18.04%
Bad Credit 22.98% 22.98% 22.56%
Updated: 1-11-17

For the second week in a row, the average card APR sat at 15.36 percent, which is the highest national average APR that has recorded since it began tracking rates in mid-2007.

Average rates on new card offers rose to record highs in December after the Federal Reserve bumped up the benchmark interest rate, the federal funds rate, by 0.25 percent.

Since then, nearly every major card issuer increased rates by the same amount.

After tweaking APRs in response to the Federal Reserve's December rate hike, most issuers left APRs alone this week. PNC Bank increased rates on its business cards by 0.25 percent, but the change was too small to affect the national average.

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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