Wednesday, July 26, 2017 Weekly Credit Card Rate Report: Average card APR jumps to 15.82 percent

Austin, Texas — The national average APR for new credit cards smashed another record 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 16.11% 16.06% 15.42%
Low Interest 12.84% 12.83% 12.22%
Balance Transfer 15.34% 15.34% 14.67%
Business 13.68% 13.68% 13.41%
Student 15.64% 15.14% 13.67%
Cash Back 16.34% 16.21% 15.57%
Airline 16.06% 16.06% 15.40%
Reward 16.20% 16.14% 15.48%
Instant Approval 18.55% 18.53% 18.03%
Bad Credit 23.46% 23.43% 22.98%
Updated: 7-26-17

The average card APR climbed to an all-time high of 16.11 percent, after several card issuers hiked rates.

Capital One drove much of this week's rate increase by hiking the APR on its Journey Student Rewards card by 4 percentage points. Students are now offered a single APR of 24.99 percent, which is the highest APR of any student card that tracks.

Credit One and TD Bank also helped boost the average card APR by increasing rates by a quarter of a percent.

In addition, Citi added a range of APRs to the CitiBusiness Aadvantage Platinum Select card, increasing the card's maximum rate to 24.74 percent. However, the card's minimum APR of 16.74 percent was left unchanged.

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

NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to