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 Nov. 4, 2009.

Credit Cards

Rates: 13.46 percent (standard fixed); 11.48 percent (standard variable)

After 10 weeks at 12.34 percent, the average fixed rate for purchases dipped 3 basis points. The mean variable rate hiked 17 basis points to 11.68 percent.

Average purchase rates on standard cards didn't budge this week. The mean fixed rate rested at 13.46 percent and the variable rate kept to 11.48 percent.

Direct-mail credit card offers worsened and dwindled in volume in the third quarter, according to new research from Mintel Comperemedia. Credit card issuers sent 71 percent fewer offers than they did a year ago. Only 6 percent of the advertisements sent had fixed interest rates, down from 27 percent last year, and a mere 5 percent offered an introductory period for 13 months or more. Balance transfer fees of 4 percent and 5 percent appeared on 16 percent of solicitations, which were rare in 2008.

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

-- Leslie McFadden


Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.75% --0.00 15.75%
Cash Back Cards 16.45% --0.00 16.45%
Low Interest Cards 10.96% --0.00 10.96%
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.


Credit Card Blog

Jeanine Skowronski

Citi enhances Price Rewind program

The program will now search 60 days for lower prices; the amount cardholders can be refunded has also been raised.  ... Read more

Partner Center

Connect with us