Wednesday, October 18, 2017 Weekly Credit Card Rate Report: Average card APR stays put at 16.15 percent

Austin, Texas — Interest rates on new card offers remained fixed in place 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% 15.72%
Low Interest 12.89% 12.89% 12.57%
Balance Transfer 15.38% 15.38% 14.99%
Business 13.68% 13.68% 13.64%
Student 15.70% 15.70% 13.92%
Cash Back 16.40% 16.40% 15.77%
Airline 16.07% 16.07% 15.73%
Reward 16.24% 16.24% 15.80%
Instant Approval 18.60% 18.60% 18.23%
Bad Credit 23.46% 23.46% 23.20%
Updated: 10-11-17

For the fifth consecutive week, the national average APR remained 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.

U.S. Bank extended the interest-free promotional offer on the U.S. Bank Visa Platinum card from 15 months to a high of 18 months, making the Platinum card one of the most generous balance transfer cards on the market. Most balance transfer cards give cardholders just 12 to 15 months to pay off a transferred balance.

The U.S. Bank card also boasts a lower standard interest rate than most of its competitors. The card's lowest available APR starts at just 10.99 percent — nearly 2 percentage points below average.

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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