Wednesday, May 24, 2017 Weekly Credit Card Rate Report: Average card APR slips to 15.77 percent

Austin, Texas — The national average APR for new card offers dropped to a four-week low 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 15.77% 15.79% 15.18%
Low Interest 12.62% 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 15.84% 15.89% 15.33%
Airline 15.77% 15.77% 15.13%
Reward 15.81% 15.88% 15.24%
Instant Approval 18.30% 18.30% 17.86%
Bad Credit 23.23% 23.23% 22.86%
Updated: 5-24-17

The national average APR fell to 15.77 percent after remaining at 15.79 percent for two weeks. This is just the second time this year that the national average APR has declined.

Discover spurred this week’s rate change by cutting the lowest available APR on the Discover “it” card, by 2 percentage points. Cardholders are now offered a range of APRs starting at 11.74 percent and maxing out at 23.74 percent.

Discover’s previous offer of 13.74 percent appeared to be a test offer. The card issuer increased the “it” card’s minimum APR from 11.74 percent to 13.74 percent in early May. The offer lasted just a few brief weeks.

None of the other cards tracked by altered rates this week.

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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