Wednesday, October 11, 2017 Weekly Credit Card Rate Report: Average card APR remains at record high for fourth straight week

Austin, Texas — Interest rates on new card offers held still 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% 15.71%
Low Interest 12.89% 12.89% 12.56%
Balance Transfer 15.38% 15.38% 14.98%
Business 13.68% 13.68% 13.62%
Student 15.70% 15.70% 13.92%
Cash Back 16.40% 16.40% 15.76%
Airline 16.07% 16.07% 15.73%
Reward 16.24% 16.24% 15.79%
Instant Approval 18.60% 18.60% 18.23%
Bad Credit 23.46% 23.46% 23.20%
Updated: 10-11-17

None of the cards monitored by advertised new interest rates. As a result, the national average APR stayed put at 16.15 percent for the fourth straight week.

Issuers also left promotional terms, including interest-free balance transfer offers and introductory APRs, unchanged.

The average APR for new card offers is currently at a record high. A year ago, the average APR registered nearly a full percentage point lower at just 15.18 percent.

Over the past year, average rates have increased at the fastest rate since 2010.

Since January 1, 2017, the national average has increased 22 times and fallen just twice. As a result, the average APR for the year has climbed to 15.82 percent — also a record high.

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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