Interest Rate Roundup
credit cards
National credit card rates for May 6, 2010

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 5, 2010.

Credit Cards

Rates: 13.7 percent (all fixed); 14.03 percent (all variable)

No change occurred this week in average credit card interest rates. The mean fixed rate for purchases stands at 13.7 percent and the variable-rate average clings to 14.03 percent.

One of the provisions in the Credit CARD Act of 2009 requires issuers to include a minimum payment warning on monthly statements that shows how long it will take to eliminate credit card debt if only minimum payments are made and how much it would take each month to pay the balance off in three years. According to an online poll conducted last month by the National Foundation for Credit Counseling, 25 percent of consumers said this disclosure motivated them to make larger monthly payments.

You can find your best credit card deal -- by type -- at Bankrate's interactive tool.

See all credit card rates content.

-- Leslie McFadden

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.75% --0.00 15.75%
Cash Back Cards 16.45% --0.00 16.45%
Low Interest Cards 10.96% --0.00 10.96%
 
Search
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Credit Card Blog

Jeanine Skowronski

Citi enhances Price Rewind program

The program will now search 60 days for lower prices; the amount cardholders can be refunded has also been raised.  ... Read more

Partner Center
advertisement

Connect with us