Wednesday, September 20, 2017 Weekly Credit Card Rate Report: Average card APR climbs to another all-time high

Austin, Texas — The average APR for new credit card offers inched up to another 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% 16.14% 15.51%
Low Interest 12.89% 12.88% 12.37%
Balance Transfer 15.38% 15.37% 14.78%
Business 13.68% 13.68% 13.41%
Student 15.70% 15.70% 13.67%
Cash Back 16.40% 16.37% 15.61%
Airline 16.07% 16.07% 15.44%
Reward 16.24% 16.23% 15.59%
Instant Approval 18.60% 18.60% 18.09%
Bad Credit 23.46% 23.46% 23.01%
Updated: 9-20-17

The national average APR climbed to 16.15 percent, setting another all-time record. Interest rates on new card offers are currently at their highest point since began tracking rates in mid-2007.

Citi helped spur this week's rate change by boosting the lowest available APR on the Citi Diamond Preferred card from 13.49 percent to 13.99 percent. It also nudged the card's maximum rate by half a percentage point, pushing it up to a high of 23.99 percent.

A change in the database also affected this week's rate change. Occasionally, switches up the cards in the rate report's 100-card sample. This week, replaced a retail card with limited availability with another store card with a slightly higher APR.

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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