Wednesday, June 29, 2016 Weekly Credit Card Rate Report: Average card APR remains unchanged

Austin, Texas — Interest rates on new credit card offers didn't budge 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% 15.05%
Low Interest 11.98% 11.98% 11.74%
Balance Transfer 14.38% 14.38% 14.15%
Business 13.12% 13.12% 12.95%
Student 13.42% 13.42% 13.26%
Cash Back 15.32% 15.32% 15.30%
Airline 15.08% 15.08% 14.99%
Reward 15.29% 15.29% 15.18%
Instant Approval 18.04% 18.04% 18.00%
Bad Credit 22.56% 22.56% 22.81%
Updated: 6-29-16

For the second week in a row, the national average annual percentage rate (APR) remained unchanged at 15.18 percent. None of the cards tracked by advertised new interest rates.

Promotional terms, such as 0 percent balance transfer offers, also remained unchanged.

Average rates on new card offers are currently at record highs. The average APR for 2016, for example, rose to 15.17 percent this month -- up from an average of 14.92 percent during the same period in 2015. It's the highest average APR for the first half of the year that has recorded since it began tracking rates in mid-2007.

This year's higher rates are likely here to stay. The last time average rates fell below 15.10 percent was in December 2015.

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