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 CardsRates: 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