Personal Finance Writer
Specializing in new trends in credit
average credit card interest rate remained fixed at 16.15 percent this week,
according to the CreditCards.com Weekly Credit Card Rate Report.
issuers left interest rates and promotional terms, such as interest-free
sporting goods store Cabela’s boosted the minimum APR on the Cabela’s Club Visa
to 16.35 percent and extended the card’s maximum APR to 25.35 percent. But the
change was too small to affect the national average.
marks the 12th unbroken week the average card APR has stood at 16.15 percent.
Credit card rates have trended upward for most of 2017.
A year ago
today, the average card APR stood at 15.18 percent – nearly a full percentage
point lower than where it stands today.
Hotel card options will expand in
Fans of Marriott
hotels and the brand’s affiliated inns, including the Residence Inn, Fairfield
Inn and Suites, Towneplace Suites, Protea Hotels and more, will soon have more
hotel rewards cards to choose from.
International announced Dec. 5 that it has inked new
deals with J.P. Morgan Chase and American Express and will soon add to its
collection of hotel rewards cards.
Marriott hotel devotees currently have a choice between the Marriott Rewards and Ritz
Carlton Rewards cards issued by Chase and the longtime cult favorite, the
Starwood Preferred Guest credit card issued by American Express.
sometime in 2018, Marriott enthusiasts will also have access to a brand-new super
premium card from American Express. Super premium cards typically charge
three-figure annual fees as high as $400 or more and offer supersized rewards
and benefits. Marriott also plans to debut other, less-expensive rewards cards
with Chase that will feature “enhanced member benefits.”
says it will share more information about its new credit card collection
sometime after the New Year.
Express is also teaming up with the hotel chain Hilton on two brand-new hotel
rewards cards that will debut next year, including a super premium card that
will charge $450 a year.
announced in November its plan to introduce two high-end hotel cards in
January 2018: the Hilton Honors American Express Aspire card and the Hilton
Honors American Express Ascend card. Both cards will offer substantial benefits
for frequent hotel guests, including guaranteed free stays.
Co-branded cards continue to
have also introduced new co-branded credit card programs this year, giving
cardholders who frequent the same chains more generous cards to
mega-chain Starbucks, for example, announced earlier this year that it is
teaming up with Chase on a brand-new co-branded card for gourmet coffee and
specialty beverage fans. The new card is expected to debut sometime next year.
Barclaycard introduced a card with the ridesharing company Uber
earlier this year that offers a wide range of benefits, including an
industry-leading rewards bonus on restaurant purchases.
addition, American Express and Chase, both introduced new co-branded airline
credit cards this summer – the United TravelBank card and the Blue Delta
SkyMiles credit card – that offer significant rewards without an annual fee.
|CreditCards.com’s Weekly Rate Report|
|Avg. APR||Last week||6 months ago|
|Methodology: The national average credit card APR 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 listed above. (Introductory, or teaser, rates are not included in the calculation.)|
|Updated: Dec. 6, 2017|
See related: Historic credit card rates chart, Discover to drop 5 benefits for shoppers, travelers
Three most recent Rate report stories: