Wednesday, November 23, 2016

Rate survey: Average card APR holds steady at 15.18 percent

Austin, Texas — The average APR on new credit card offers stayed put 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 15.18% 15.18% 15.19%
Low Interest 12.00% 12.00% 11.96%
Balance Transfer 14.41% 14.41% 14.39%
Business 13.12% 13.12% 13.12%
Student 13.42% 13.42% 13.42%
Cash Back 15.33% 15.33% 15.30%
Airline 15.13% 15.13% 15.17%
Reward 15.24% 15.24% 15.30%
Instant Approval 17.86% 17.86% 18.04%
Bad Credit 22.86% 22.86% 22.56%
Updated: 11-23-16

For the seventh consecutive week, the national average APR remained at 15.18 percent.

Most card issuers left interest rates alone this week. Chase floated a single APR on the United Mileage Plus Explorer card. However, not all applicants were offered the same deal. Some online card applicants are currently being offered a flat rate of 16.24 percent for the airline card. Others are being presented with a range of APRs, starting at 16.24 percent and maxing out at 23.24 percent. Issuers frequently test new offers and show separate rates to different applicants.

Credit card APRs are currently near record highs. The average APR for 2016, for example, is currently 15.18 percent, which is the highest yearly average has recorded.

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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