Here's a look at the state of credit card rates from Bankrate.com's weekly national survey of large banks and thrifts conducted May 12, 2010.
Credit CardsRates: 13.7 percent (all fixed); 14.03 percent (all variable)
Continuing a seven-week trend, the average fixed rate on purchases for all credit cards held at 13.7 percent. Variable rates stood at 14.03 percent for the fifth consecutive week.
Issuers sent 481.3 million credit card offers to Americans in the first quarter of 2010, which amounts to a 29-percent year-over-year increase, according to a new study from Synovate, a global marketing research firm. This increase continues an uptick in offers that began in the fourth quarter of 2009, a year that saw annual mail volume drop to its lowest level since 1993.
You can find your best credit card deal -- by type -- at Bankrate's interactive tool.
See all credit card rates content.
-- Leslie McFadden
Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.