Wednesday, July 19, 2017 Weekly Credit Card Rate Report: Average card APR jumps to 15.82 percent

Austin, Texas — The national average APR for new credit cards held still this week despite multiple changes to card offers, 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% 15.42%
Low Interest 12.83% 12.88% 12.22%
Balance Transfer 15.34% 15.31% 14.67%
Business 13.68% 13.87% 13.41%
Student 15.14% 15.14% 13.67%
Cash Back 16.21% 16.26% 15.57%
Airline 16.06% 15.99% 15.40%
Reward 16.14% 16.15% 15.48%
Instant Approval 18.53% 18.51% 18.03%
Bad Credit 23.43% 23.43% 22.98%
Updated: 7-19-17

Several cards advertised new rates this week. However, the changes didn't move the average card APR, which has remained at 16.06 percent for three weeks.

More than a month after the Federal Reserve increased its benchmark interest rate by a quarter of a percent, Chase hiked APRs on all new Chase cards by the same amount.

SunTrust Bank also increased rates by a quarter of a percent on some cards. However, it cut the lowest available APR on the SunTrust Specialty Business card by more than 2 percentage points and added a maximum APR that's more than 3 points higher than the card's previous highest rate. Only the card's lowest rate affected the national average.

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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