Wednesday, March 23, 2016 Weekly Credit Card Rate Report: Average card rate remains at 15.16 percent for seventh week

Austin, Texas — The average credit card interest rate held firm 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 15.16% 15.16% 15.00%
Low Interest 11.96% 11.96% 11.62%
Balance Transfer 14.36% 14.36% 14.12%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Cash Back 15.21% 15.21% 15.27%
Airline 15.17% 15.17% 15.10%
Reward 15.26% 15.26% 15.14%
Instant Approval 18.04% 18.04% 18.00%
Bad Credit 22.56% 22.56% 22.73%
Updated: 3-23-16

For the seventh week in a row, the national average annual percentage rate (APR) stayed put at 15.16 percent.

Two of the cards included in the Weekly Rate Report advertised higher rates this week. But the rate hikes only affected the cards' maximum interest rates, so the changes didn't affect the national average. only considers a card's lowest available rate when calculating the national average.

Chase added a maximum APR of 19.49 percent to the Chase Ink Cash for Business credit card. Previously, cardholders were only charged a single APR of 13.49 percent.

Meanwhile, American Express increased the highest available APR on the Blue Cash Everyday card from a maximum of 22.24 percent to a maximum of 23.24 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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