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.Interest Rate RoundupMortgagesCDsAuto LoansHome EquityCredit CardsCredit CardsRates: 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 advertisementRelated Links:What is the best cash-back reward card?2010 Exclusive Cash-Back Rewards surveyVideo: Credit Card RewardsRelated Articles:Best card for travelLow-rate credit cardDoes card insure a rental car?
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.
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
A little research could save you BIG on interest.