Wednesday, July 12, 2017 Weekly Credit Card Rate Report: Average card APR jumps to 15.82 percent

Austin, Texas — The national average APR for new card offers remained above 16 percent Wednesday for the second week in a row, 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 16.06% 16.06% 15.36%
Low Interest 12.88% 12.87% 12.16%
Balance Transfer 15.31% 15.30% 14.61%
Business 13.87% 13.86% 13.39%
Student 15.14% 15.14% 13.67%
Cash Back 16.26% 16.26% 15.51%
Airline 15.99% 15.99% 15.35%
Reward 16.15% 16.14% 15.44%
Instant Approval 18.51% 18.51% 18.00%
Bad Credit 23.43% 23.43% 22.98%
Updated: 7-12-17

Three cards included in the weekly rate report increased rates by a quarter of a percent. However, the changes were too small to affect the national average. As a result, the average card APR remained fixed at 16.06 percent for the second week.

Average rates on new card offers are currently at their highest point since began tracking rates in mid—2007. In the 10 years that has followed rates, the average card APR has mostly stayed below 15.20 percent.

The Federal Reserve spurred most of this year's rate changes. It recently increased its benchmark interest rate by a quarter of a percent for the third time in six months.

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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