Wednesday, March 8, 2017 Weekly Credit Card Rate Report: Average card APR rises to all-time high of 15.51 percent

Austin, Texas — The national average APR on new card offers inched up this week, rising to an all-time high, 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 15.51% 15.50% 15.22%
Low Interest 12.36% 12.36% 11.98%
Balance Transfer 14.77% 14.76% 14.39%
Business 13.41% 13.41% 13.12%
Student 13.67% 13.67% 13.42%
Cash Back 15.61% 15.61% 15.32%
Airline 15.44% 15.40% 15.13%
Reward 15.59% 15.57% 15.30%
Instant Approval 18.09% 18.09% 18.04%
Bad Credit 23.01% 23.01% 22.86%
Updated: 3-8-17

For the first time on record, the national average APR rose to 15.51 percent — up from 15.50 percent the previous week. Before this year, the highest average had recorded was 15.29 percent.

SunTrust Bank helped spur this week's rate change by increasing the lowest available APR on one of its travel cards by a full percentage point. Cardholders who apply for the SunTrust Travel Rewards card are now offered a minimum APR of 11.74 percent. The card's maximum rate of 21.74 percent stayed the same.

Walmart was also active. It boosted the APR on the Walmart MasterCard by 0.25 percent. Cardholders are now offered a range of 17.40 percent to 23.40 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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