Interest Rate Roundup
credit cards
National credit card rates for May 13, 2010

Here's a look at the state of credit card rates from's weekly national survey of large banks and thrifts conducted May 12, 2010.

Credit Cards

Rates: 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


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Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.72%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
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CFPB: Lender distorted credit reports

The Consumer Financial Protection Bureau has an eye on credit reporting issues. The agency took enforcement action against auto financer First Investors Financial Services Group Inc. Wednesday for distorting consumer credit records for years. Per the CFPB, First Investors, which lends primarily to subprime borrowers, failed to fix known flaws in a computer system that  ... Read more

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