Interest Rate Roundup
credit cards
National credit card rates for May 20, 2010

Here's a look at the state of credit card rates from's weekly national survey of large banks and thrifts conducted May 19, 2010.

Credit Cards

Rates: 13.7 percent (all fixed); 14.04 percent (all variable)

The average variable interest rate for credit card purchases increased 1 basis point from last week to 14.04 percent, while fixed rates kept to 13.7 percent.

The national credit card delinquency rate fell 8.3 percent in the first quarter of 2010 from the previous three months, according to quarterly trend data from TransUnion. At 1.11 percent, the ratio of bank credit card borrowers behind 90 days or more on payments was down 15.91 percent over the same period last year.

Average credit card debt per borrower declined for the fourth consecutive quarter, dropping 4.95 percent from the previous quarter to $5,165. Alaska had the highest state average, at $7,135 and Iowa carried the least credit card debt, at $3,872.

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 15.77%  0.01 15.78%
Cash Back Cards 16.48% --0.00 16.48%
Low Interest Cards 10.96% --0.00 10.96%
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