Wednesday, May 18, 2016 Weekly Credit Card Rate Report: Average card APR holds steady at 15.19 percent

Austin, Texas — Interest rates on new credit card offers remained unchanged 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 15.19% 15.19% 14.96%
Low Interest 11.96% 11.96% 11.62%
Balance Transfer 14.39% 14.39% 14.07%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Cash Back 15.30% 15.30% 15.27%
Airline 15.17% 15.17% 14.91%
Reward 15.30% 15.30% 15.09%
Instant Approval 18.04% 18.04% 18.00%
Bad Credit 22.56% 22.56% 22.73%
Updated: 5-18-16

For the fifth week in a row, the national average annual percentage rate (APR) stayed put at 15.19 percent.

None of the cards tracked by advertised new interest rates. Promotional rates, such as 0 percent balance transfer offers, also remained unchanged.

Interest rates on new credit card offers are currently at their highest point in more than four years. The last time rates rose above 15.19 percent was in December 2011 when the national average briefly peaked at 15.22 percent.

At that time, rates only stayed above 15.19 percent for two weeks before falling below 15 percent the following month. This year marks the longest period of time rates have stayed above 15.16 percent since began tracking rates in mid-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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