Wednesday, May 17, 2017 Weekly Credit Card Rate Report: Average card APR dips to 15.79 percent

Austin, Texas — The national average APR for new card offers remained near record highs Wednesday, 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 15.79% 15.79% 15.18%
Low Interest 12.66% 12.66% 12.00%
Balance Transfer 15.07% 15.07% 14.41%
Business 13.66% 13.66% 13.12%
Student 13.92% 13.92% 13.42%
Cash Back 15.89% 15.89% 15.33%
Airline 15.77% 15.77% 15.13%
Reward 15.88% 15.88% 15.24%
Instant Approval 18.30% 18.30% 17.86%
Bad Credit 23.23% 23.23% 22.86%
Updated: 5-17-17

For the second week in a row, the national average remained at 15.79 percent -- a near record. Earlier this month, the national average APR hit an all-time high of 15.80 percent.

Most card issuers left interest rates unchanged this week. U.S. Bank increased the maximum APR on the U.S. Bank Business Edge Cash Rewards card from 18.74 percent to 23.74 percent. However, the change didn't affect the national average because only considers a card's lowest available interest rate when calculating average rates. U.S. Bank left the Business Edge Cash card's minimum APR of 12.74 percent unchanged.

None of the card issuers altered promotional terms this week, including 0 percent balance transfer offers and introductory purchase rates.

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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