Wednesday, July 6, 2016 Weekly Credit Card Rate Report: Average card APR remains at 15.18 percent

Austin, Texas — Interest rates on new credit cards held steady 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% 11.84%
Balance Transfer 14.38% 14.38% 14.23%
Business 13.12% 13.12% 13.07%
Student 13.42% 13.42% 13.42%
Cash Back 15.32% 15.32% 15.41%
Airline 15.08% 15.08% 15.06%
Reward 15.29% 15.29% 15.26%
Instant Approval 18.04% 18.04% 18.00%
Bad Credit 22.56% 22.56% 22.84%
Updated: 7-06-16

For the fourth consecutive week, the national average annual percentage rate (APR) stayed put at 15.18 percent.

Most cards tracked by left interest rates unchanged. The sporting goods store Cabela's increased the APR on the Cabela's Club Visa card by 0.01 percent. But the change was too small to affect the national average.

Huntington Bank also added a higher maximum rate to the Huntington Bank Voice Rewards credit card. Applicants are now offered a range of APRs starting at 13.24 percent and maxing out at 26.24 percent -- up from a previous maximum APR of 24.24 percent. But the change didn't affect the national average because only considers a card's lowest available interest rate when calculating average 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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