Wednesday, June 14, 2017 Weekly Credit Card Rate Report: Average card APR jumps to 15.82 percent

Austin, Texas — The national average APR for new card offers bounced to another all-time high 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 15.89% 15.83% 15.20%
Low Interest 12.73% 12.73% 12.00%
Balance Transfer 15.13% 15.13% 14.44%
Business 13.66% 13.66% 13.16%
Student 14.89% 14.04% 13.42%
Cash Back 16.09% 15.99% 15.38%
Airline 15.77% 15.77% 15.15%
Reward 15.95% 15.86% 15.27%
Instant Approval 18.32% 18.32% 17.86%
Bad Credit 23.23% 23.23% 22.86%
Updated: 6-14-17

The average card APR increased from a previous high of 15.83 to a record high of 15.89 percent.

However, unlike previous rate changes, this week's change was due to a reshuffling of cards included in the database rather than an APR change. Comerica discontinued the Comerica College Rewards Visa. replaced it with a brand-new student card, the SelfScore Achieve MasterCard for International Students, which charges a significantly higher APR.

The Comerica College Rewards Visa card is the second student card in two months to be taken off the market. In May, U.S. Bank discontinued the U.S. Bank College Visa card. Other student cards have also disappeared in the past year, including the Regions Student Visa.

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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