Wednesday, July 13, 2016 Weekly Credit Card Rate Report: Average card APR sits tight at 15.18 percent

Austin, Texas — The average APR on new card offers remained unchanged at 15.18 percent 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 15.18% 15.18% 15.12%
Low Interest 11.98% 11.98% 11.87%
Balance Transfer 14.38% 14.38% 14.29%
Business 13.12% 13.12% 13.11%
Student 13.42% 13.42% 13.42%
Cash Back 15.32% 15.32% 15.28%
Airline 15.08% 15.08% 15.15%
Reward 15.29% 15.29% 15.24%
Instant Approval 18.04% 18.04% 18.16%
Bad Credit 22.56% 22.56% 22.84%
Updated: 7-13-16

Most issuers tracked by left card rates unchanged.

Chase introduced a range of possible APRs on one of its hotel cards, the IHG Rewards Club Select credit card. Fans of the hotel chain IHG are now offered a range starting at 16.24 percent and maxing out at 23.24 percent. Previously, cardholders were offered just one possible APR of 16.24 percent.

Barclaycard is also testing a wider range of possible APRs. For example, some applicants who search for the Wyndham Rewards card are offered a range starting at 15.49 percent and maxing out at 20.24 percent. Others are offered a maximum APR of 25.24 percent. Issuers often float test offers to select cardholders when experimenting with new rates.

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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