Wednesday, March 9, 2016 Weekly Credit Card Rate Report: Average card rate remains at 15.16 percent for fourth week

Austin, Texas — The average credit card interest rate didn't budge 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 14.35% 14.35% 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% 15.25% 15.14%
Instant Approval 18.04% 18.02% 18.00%
Bad Credit 22.56% 22.56% 22.73%
Updated: 3-9-16

For the fifth week in a row, the national average annual percentage rate (APR) stayed at 15.16 percent. None of the cards included in the weekly rate report advertised new interest rates. Most of the cards' introductory offers remained unchanged as well.

American Express sweetened the 0 percent promotional offers on its EveryDay credit card. Cardholders now have 15 months to take advantage of interest-free purchases and balance transfers. Previously, cardholders had just 12 months to enjoy a 0 percent rate.

Average rates on new card offers are currently near record highs. Since January 1, the national average APR has hovered just above 15.10 percent. It's the longest period of time rates have remained that high since began tracking rates in 2007.

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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