- 13.36% (all fixed)
- 14.43% (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 March 30, 2011.
The average annual percentage rate for fixed-rate credit cards has been static since the New Year. The average fixed rate persists at 13.36 percent. For a third straight week, the average variable interest rate lagged at 14.43 percent.
Foreign transaction fees are disappearing from certain credit cards offered by large credit card issuers. Today Chase informed Bankrate.com that it was dropping the 3 percent fee on foreign purchases from its Marriott Rewards Premier Credit Card. A total of seven credit cards from Chase no longer charge the fee. Recently, American Express and Citibank have also nixed foreign transaction fees, also known as currency conversion fees, on some credit cards. Capital One doesn't charge a foreign transaction fee on any of its credit cards.
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