Wednesday, September 27, 2017 Weekly Credit Card Rate Report: Average card APR remains at 16.15 percent

Austin, Texas — The average APR for 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% 15.59%
Low Interest 12.89% 12.89% 12.44%
Balance Transfer 15.38% 15.38% 14.86%
Business 13.68% 13.68% 13.49%
Student 15.70% 15.70% 13.73%
Cash Back 16.40% 16.40% 15.63%
Airline 16.07% 16.07% 15.59%
Reward 16.24% 16.24% 15.67%
Instant Approval 18.60% 18.60% 18.11%
Bad Credit 23.46% 23.46% 23.04%
Updated: 9-27-17

None of the cards tracked by advertised new interest rates this week. As a result, the national average APR stayed put at 16.15 percent. The average APR for the year, meanwhile, climbed to an all-time high of 15.80 percent.

Average card rates have climbed steadily this year, expanding by more than three quarters of a percentage point in just nine months. The last time average rates changed this much was in 2010 when issuers hiked rates in response to the Credit CARD Act of 2009. Since January 1, 2017, the national average APR has increased 22 times.

Issuers are much more reluctant to cut interest rates these days. The national average APR has fallen just twice since January 1.

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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