Wednesday, October 04, 2017 Weekly Credit Card Rate Report: Average card APR holds steady at 16.15 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 16.15% 16.15% 15.63%
Low Interest 12.89% 12.89% 12.47%
Balance Transfer 15.38% 15.38% 14.89%
Business 13.68% 13.68% 13.49%
Student 15.70% 15.70% 13.79%
Cash Back 16.40% 16.40% 15.66%
Airline 16.07% 16.07% 15.62%
Reward 16.24% 16.24% 15.70%
Instant Approval 18.60% 18.60% 18.11%
Bad Credit 23.46% 23.46% 23.17%
Updated: 10-04-17

None of the cards included in's database advertised new rates. As a result, the national average APR remained at 16.15 percent for the third straight week.

One card included in the database, the Wyndham Rewards Visa Signature card from Barclays, reintroduced a 6-month interest free promotion on Wyndham timeshare purchases. All other cards tracked by left promotional terms unchanged.

The national average APR is currently at its highest point since began tracking rates in mid-2007. Over the past 12 months, the average APR has climbed from 15.22 percent in October 2016 — which was then a near record high — to 16.15 percent today. Before 2017, average rates largely stayed within close rounding distance of 15 percent for six consecutive years.

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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