Wednesday, September 7, 2016 Weekly Credit Card Rate Report: Average card APR remains unchanged at 15.22 percent

Austin, Texas — Average rates on new credit card offers remained at record highs 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% 15.19% 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% 15.20%
Airline 15.13% 15.13% 15.17%
Reward 15.30% 15.30% 15.25%
Instant Approval 18.04% 18.04% 18.02%
Bad Credit 22.86% 22.56% 22.56%
Updated: 9-7-16

For the second week in a row, the national average annual percentage rate remained at 15.22 percent -- a nearly five-year high. The last time the average card rate rose to this level was in December 2011 when the national average briefly peaked at 15.22 percent.

Most issuers left interest rates alone this week. The sporting goods store Cabela's revised the APR on the Cabela's Club Visa to reflect a change in the one-month Libor rate. However, the change was too small to affect the national average. Cabela's card holders are now offered a range of APRs starting at 15.51 percent and maxing out at 21.51 percent.

None of the cards included in the database altered promotional terms this week.

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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