Interest Rate Roundup
credit cards
National credit card rates for June 10, 2010

Here's a look at the state of credit card rates from Bankrate.com's weekly national survey of large banks and thrifts conducted June 9, 2010.

Credit Cards

Rates: 13.7 percent (all fixed); 14.37 percent (all variable)

The average APR on variable-rate credit cards rose to 14.37 this week, up 9 basis points since the last survey. Fixed rates have averaged 13.7 percent for 12 consecutive weeks.

This week Congress will begin work on a final financial reform bill that merges versions passed by the House and Senate. The Senate bill includes a provision that would limit interchange fees on debit card transactions and allow retailers to offer customers a discount for using cheaper payment methods. Another provision would give consumers a free credit score anytime a credit check resulted in a denial or other adverse action. Consumers would receive the score actually used against them.

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

-- Leslie McFadden

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The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products.

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Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.48%  0.07 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
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