Wednesday, March 15, 2017 Weekly Credit Card Rate Report: Average card APR remains at 15.51 percent for second week

Austin, Texas — The national average APR on new card offers stayed put 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 15.51% 15.51% 15.22%
Low Interest 12.37% 12.36% 11.98%
Balance Transfer 14.78% 14.77% 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% 15.44% 15.13%
Reward 15.59% 15.59% 15.30%
Instant Approval 18.09% 18.09% 18.04%
Bad Credit 23.01% 23.01% 22.86%
Updated: 3-15-17

For the second week, the national average APR remained at a record high of 15.51 percent.

Most card issuers left interest rates alone this week. Citi boosted the APR on the Citi Thank You Preferred card by half a percentage point, but the change was too small to affect the national average. Applicants are now offered an APR ranging from a minimum APR of 13.99 percent to a maximum rate of 23.99 percent.

Interest rates on new card offers are currently at their highest point since began tracking rates in mid-2007. Since Jan. 4, average rates have hovered between 15.36 percent and 15.51 percent. As a result, the average APR for the year has climbed 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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