Wednesday, September 28, 2016 Weekly Credit Card Rate Report: Average card APR remains unchanged at 15.22 percent

Austin, Texas — The average APR on new card offers remained fixed at a nearly five-year high 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 15.22% 15.22% 15.16%
Low Interest 11.98% 11.98% 11.96%
Balance Transfer 14.39% 14.39% 14.35%
Business 13.12% 13.12% 13.12%
Student 13.42% 13.42% 13.42%
Cash Back 15.32% 15.32% 15.21%
Airline 15.13% 15.13% 15.17%
Reward 15.30% 15.30% 15.26%
Instant Approval 18.04% 18.04% 18.04%
Bad Credit 22.86% 22.86% 22.56%
Updated: 9-28-16

For the fifth consecutive week, the national average APR remained at 15.22 percent. The last time average rates climbed this high was in December 2011 when the national average briefly peaked at 15.22 percent. This is the longest period of time since began tracking rates in mid-2007 that average rates have consistently remained above 15.20 percent.

The average APR for the year also peaked this month, climbing to an all-time high of 15.18 percent. During this same time last year, by contrast, the average APR for the year was just 14.95 percent.

None of the cards tracked by advertised new APRs this week. Issuers also left promotional rates, such as 0 percent balance transfer offers, unchanged.

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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