Wednesday, November 01, 2017 Weekly Credit Card Rate Report: Average card APR remains unchanged at 16.15 percent

Austin, Texas — Interest rates on new credit card offers held steady 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 16.15% 16.15% 15.74%
Low Interest 12.89% 12.89% 12.59%
Balance Transfer 15.38% 15.38% 15.02%
Business 13.68% 13.68% 13.66%
Student 15.70% 15.70% 13.92%
Cash Back 16.40% 16.40% 15.79%
Airline 16.07% 16.07% 15.77%
Reward 16.24% 16.24% 15.83%
Instant Approval 18.60% 18.60% 18.25%
Bad Credit 23.46% 23.46% 23.20%
Updated: 11-01-17

For the seventh week in a row, the national average APR stayed put at 16.15 percent. None of the cards included in the weekly rate report advertised new interest rates. Most cards also left promotional terms unchanged.

Citi eliminated the interest-free promotion on one of its airline credit cards, the Citi/AAdvantage Gold World Elite Mastercard. New cardholders used to get 15 months of interest-free purchases and balance transfers. Now, cardholders must pay a standard APR of 16.99 percent to 24.99 percent.

Among the 100 cards included in the weekly rate report, just 16 cards offer interest-free promotions as long as 15 months or more. Meanwhile, an additional 17 credit cards offer 0 percent promotions lasting for 12 to 14 months.

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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