Wednesday, June 8, 2016 Weekly Credit Card Rate Report: Average card APR falls to 15.17 percent

Austin, Texas — The average credit card interest rate dipped 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 15.17% 15.19% 14.96%
Low Interest 11.96% 11.96% 11.62%
Balance Transfer 14.37% 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 15.08% 15.17% 14.91%
Reward 15.28% 15.30% 15.09%
Instant Approval 18.04% 18.04% 18.00%
Bad Credit 22.56% 22.56% 22.73%
Updated: 6-8-16

After remaining at 15.19 percent for seven weeks, the national average annual percentage rate (APR) slid to 15.17 percent.

Bank of America spurred this week's rate change by trimming the lowest available APR on the Alaska Airlines Visa Signature card by 2 percentage points. It also expanded the card's maximum rate by nearly 5 percentage points, but that change didn't affect the national average because only factors in a card's lowest available rate.

Alaska Airlines fans are now offered a range of APRs that starts at 12.49 percent and maxes out at 19.49 percent.

The sporting goods store Cabela's also altered interest rates this week. It boosted the minimum APR on the Cabela's Club Visa card from 15.43 percent to 15.45 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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