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 Sept. 9, 2009.

Credit Cards

Rates: 13.46 percent (standard fixed); 11.41 percent (standard variable)

Average interest rates for purchases on credit cards idled this week. For all fixed-rate credit cards, the mean APR for purchases stayed at 12.34 percent. The average variable rate was 11.37 percent.

Standard-fixed rates averaged 13.46 percent for the 14th week straight and standard variable rates remained at 11.41 percent for the second consecutive week.

Revolving credit, which is mostly credit card debt, declined at an annual rate of 8 percent, to $905.6 billion, according to the September release of the Federal Reserve's consumer credit survey. Americans have reduced their outstanding balances in this debt category for the past three quarters. Between June and July, revolving debt decreased by $6.1 billion.

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 15.71%  0.02 15.69%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
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