Wednesday, June 7, 2017 Weekly Credit Card Rate Report: Average card APR jumps to 15.82 percent

Austin, Texas — The national average APR for new card offers reached 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 15.83% 15.82% 15.18%
Low Interest 12.73% 12.73% 12.00%
Balance Transfer 15.13% 15.13% 14.41%
Business 13.66% 13.66% 13.16%
Student 14.04% 14.04% 13.42%
Cash Back 15.99% 15.99% 15.33%
Airline 15.77% 15.77% 15.15%
Reward 15.86% 15.85% 15.25%
Instant Approval 18.32% 18.30% 17.86%
Bad Credit 23.23% 23.23% 22.86%
Updated: 6-7-17

For the first time on record, the national average APR rose to 15.83 percent. Before this year, the highest average APR recorded was 15.29 percent.

Citi helped power this week's rate hike by increasing the minimum APR on its elite card, the Citi Prestige card, to 16.49 percent. It also added a maximum APR of 24.49 percent. Previously, cardholders were offered just one flat rate of 15.99 percent.

The sporting goods store Cabela's also boosted rates this week. It increased the lowest available APR on the Cabela's Club Visa to 16.04 percent and the maximum APR to 22.04 percent.

Meanwhile, the retail giant Gap increased the APR on the Gap Visa credit card from 25.49 percent to 25.74 percent.

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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