Wednesday, September 13, 2017 Weekly Credit Card Rate Report: Average card APR climbs to another all-time high

Austin, Texas — The average APR for new card offers remained fixed in place 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 16.14% 16.14% 15.51%
Low Interest 12.88% 12.88% 12.36%
Balance Transfer 15.37% 15.37% 14.77%
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% 16.07% 15.44%
Reward 16.23% 16.23% 15.59%
Instant Approval 18.60% 18.60% 18.09%
Bad Credit 23.46% 23.46% 23.01%
Updated: 9-13-17

None of the cards monitored by advertised new interest rates. As a result, the national average APR remained at a record high of 16.14 percent for the fifth straight week.

This is the longest stretch of time the national average has remained unchanged in more than nine months. For most of 2017, the average APR climbed steadily upward as card issuers responded to federal interest rate changes. Since December 2016, the Federal Reserve has increased rates by three-quarters of a percent. Most issuers have matched the Fed's changes, causing the average APR to rise to record highs.

Issuers rarely cut rates these days. Since January 1, the average card APR has declined just twice.

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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