Wednesday, October 25, 2017 Weekly Credit Card Rate Report: Average card APR holds steadyat 16.15 percent

Austin, Texas — Interest rates on new card offers remained at a record high 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% 15.74%
Reward 16.24% 16.24% 15.81%
Instant Approval 18.60% 18.60% 18.23%
Bad Credit 23.46% 23.46% 23.20%
Updated: 10-25-17

None of the cards included in the weekly rate report advertised new rates. As a result, the national average APR stayed at a record high of 16.15 percent for the sixth consecutive week.

This is the longest stretch of time that APRs have remained unchanged since 2016. For most of 2017, the national average APR has moved steadily upward as card issuers adjust to the Federal Reserve's ongoing rate hikes.

Most issuers also left promotional rates and other terms unchanged. CapitalOne hiked the annual fee on its travel card, the Venture Rewards card. Cardholders now have to pay $95 a year — up from $59.

Meanwhile, the SelfScore Achieve MasterCard has been renamed. It is now the Deserve Edu MasterCard.

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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