credit cards

National credit card rates for Dec. 23, 2010

Interest Rate Roundup
Credit card rate graph

Credit Cards

  • 13.04% (all fixed)
  • 14.39% (all variable)

Here's a look at the state of credit card rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Dec. 22, 2010.

For the third week in a row, the average purchase APR for fixed-rate credit cards is 13.04 percent. The average APR on variable-rate credit card offers fell 5 basis points to 14.39 percent.

Last week, the Federal Reserve Board proposed new limits for interchange fees that merchants pay to banks for debit card transactions. The proposal, prompted by the Dodd-Frank Wall Street Reform and Consumer Protection Act, could cap debit interchange fees to 12 cents per transaction. The law doesn't restrict interchange fees on credit card transactions, but does allow merchants to set a $10 minimum for credit card purchases.

Bankrate.com makes it easier to find cash-back credit cards and low-rate cards. You can search by issuer, card type or credit score.

-- Leslie McFadden

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.66%  0.01 15.67%
Cash Back Cards 16.36%  0.03 16.33%
Low Interest Cards 10.87% --0.00 10.87%
 
Search
advertisement
CREDIT CARD WEEKLY NEWSLETTER

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

advertisement

Blog

Jeanine Skowronski

Smartwatch app answers: Which card?

A smartwatch app from Wallaby Financial can recommend what credit card to use based on rewards, balances and credit utilization.  ... Read more

Partner Center
advertisement

Connect with us