Credit Cards
Rates: 13.29 percent (standard fixed); 10.87 percent (standard variable)For the first time in more than a year the average fixed rate for purchases on standard cards fell 13 basis points from 13.42 percent to 13.29 percent. Variable rates on standard cards crept down 11 basis points to 10.87 percent.
Across all cards, fixed rates increased 3 basis points to 12.09 percent while variable rates tumbled 16 basis points to 10.63 percent. In October, fixed rates rose to 12 percent and have since inched up twice.
Bankrate is looking for reader questions about credit cards and credit scores to answer in its new column, Credit Card Adviser. The column will run weekly starting Feb. 4. Submit your query for consideration.
-- Leslie McFadden