Wednesday, June 1, 2016 Weekly Credit Card Rate Report: Average card APR holds steady at 15.19 percent

Austin, Texas — The average credit card interest rate 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 15.19% 15.19% 14.96%
Low Interest 11.96% 11.96% 11.62%
Balance Transfer 14.39% 14.39% 14.07%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Cash Back 15.30% 15.30% 15.27%
Airline 15.17% 15.17% 14.91%
Reward 15.30% 15.30% 15.09%
Instant Approval 18.04% 18.04% 18.00%
Bad Credit 22.56% 22.56% 22.73%
Updated: 6-1-16

For the seventh week in a row, the national average annual percentage rate (APR) stayed put at 15.19 percent — a more than four-year high.

Most card issuers left interest rates alone this week. American Express expanded the range of possible APRs on the American Express Everyday card, but the change didn't impact the national average because only the card's highest possible rate was affected. only takes into account a card's lowest available interest rate when calculating average rates.

Applicants are now offered a range of APRs, starting at 13.24 percent and maxing out at 23.24 percent — up from a previous high of 22.24 percent. American Express also trimmed the card's promotional offer from 15 months to 12 months.

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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