Wednesday, November 30, 2016

Rate survey: Average card APR holds steady at 15.18 percent

Austin, Texas — The average APR on new card offers didn't budge 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: 11-30-16

For the eighth week in a row, the national average APR remained at 15.18 percent.

None of the cards included in the weekly rate report advertised new interest rates. Promotional rates also stayed the same.

Card issuers have been reluctant to alter rates for most of 2016. After the Federal Reserve raised its benchmark interest rate by a quarter of a percent in December 2015, most cards in the database hiked APRs by the same amount. Since then, issuers have mostly left card APRs unchanged. As a result, 2016 is on track to be one of the most stable years on record for credit card interest rates. So far, the average APR has remained unchanged 37 weeks out of the year.

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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