credit cards

National credit card rate averages

Here's a look at the state of interest rates on five common consumer banking products and the latest rates from's weekly national survey of large banks and thrifts conducted July 22, 2009.

Credit Cards

Rates: 13.46 percent (standard fixed); 11.08 percent (standard variable)

For the third week running, average credit card interest rates held steady. The mean annual percentage rate for all fixed-rate cards stayed at 12.17 percent, and the average variable rate came to 11.14 percent. Standard fixed-rate cards remained at 13.46 percent and standard variable rates stood at 11.08 percent.

Since the third quarter of 2008, Americans have cut back on their revolving debt, according to Federal Reserve data. Revolving credit, which is mostly credit card debt, declined for the ninth consecutive month to $928 billion in May, a decrease of about $3 billion from April.

You can find your best credit card deal -- by type -- at Bankrate's interactive tool.

-- Leslie McFadden



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Product Rate Change Last week
Balance Transfer Cards 15.77%  0.01 15.78%
Cash Back Cards 16.48% --0.00 16.48%
Low Interest Cards 10.96% --0.00 10.96%
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