Wednesday, September 06, 2017 Weekly Credit Card Rate Report: Average card APR climbs to another all-time high

Austin, Texas — The average APR for 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 16.14% 16.14% 15.50%
Low Interest 12.88% 12.88% 12.36%
Balance Transfer 15.37% 15.37% 14.76%
Business 13.68% 13.68% 13.41%
Student 15.70% 15.70% 13.67%
Cash Back 16.37% 16.37% 15.61%
Airline 16.07% 16.06% 15.40%
Reward 16.23% 16.23% 15.57%
Instant Approval 18.60% 18.60% 18.09%
Bad Credit 23.46% 23.46% 23.01%
Updated: 9-06-17

For the fourth consecutive week, the national average APR stayed at a record high of 16.14 percent.

Most card issuers left interest rates unchanged this week. A handful of cards tweaked APRs on new offers, but the changes were either too small to affect the national average or only affected a card's maximum rate.

The co-branded store card from the sporting goods retailer Cabela's, for example, increased rates by just 0.01 percent.

Meanwhile, Citi increased the APR on the Aadvantage Gold World Elite MasterCard by 0.25 percent.

American Express also edited rates this week, cutting the maximum APR on the Everyday card by 1 percentage point. But the rate cut didn't affect the national average because only considers a card's lowest available rate.

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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