Wednesday, July 27, 2016 Weekly Credit Card Rate Report: Average card APR stays at 15.18 percent

Austin, Texas — The average APR on new card offers remained unchanged 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% 15.13%
Low Interest 11.98% 11.98% 11.88%
Balance Transfer 14.38% 14.38% 14.30%
Business 13.12% 13.12% 13.11%
Student 13.42% 13.42% 13.42%
Cash Back 15.32% 15.32% 15.23%
Airline 15.08% 15.08% 15.16%
Reward 15.29% 15.29% 15.25%
Instant Approval 18.04% 18.04% 18.18%
Bad Credit 22.56% 22.56% 22.88%
Updated: 7-27-16

For the seventh week in a row, the national average APR remained lodged at 15.18 percent.

Most issuers left rates unchanged this week. Barclaycard expanded the range of possible APRs on the Carnival World MasterCard. Applicants are now offered a 10-point range of possible rates, starting at 14.24 percent and maxing out at 24.24 percent.

As a result, the number of cards in the database advertising APR ranges as wide as 10 percentage points or more rose to 34 cards.

Wide APR ranges have become much more common in recent years. Only 20 cards tracked by advertise just one flat rate. The average APR range -- the difference between a card's lowest rate and its highest — is currently 7 percentage points.

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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