Wednesday, March 30, 2016 Weekly Credit Card Rate Report: Average card rate remains at 15.16 percent for 8th straight week

Austin, Texas — For the eighth week in a row, the average credit card interest rate remained stuck at 15.16 percent, 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: 3-30-16

The national average annual percentage rate (APR) hasn't dipped below 15.16 percent — a near-record high — since January. Meanwhile, rates have floated above 15 percent for 15 consecutive weeks.

Most of the cards tracked by remained unchanged this week. Chase added a maximum APR of 23.24 percent to the United Mileage Plus Explorer credit card. Previously, the airline card only charged a single APR of 16.24 percent.

However, the rate hike didn't affect the national average because only considers a card's lowest available rate when calculating average interest rates. This is the second week in a row Chase has expanded the range of APRs on one of its cards.

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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