credit cards

National credit card rates for Oct. 7, 2010

Interest Rate Roundup
Credit card rate graph

Credit Cards

  • 13.76% (all fixed)
  • 14.36% (all variable)

Here's a look at the state of credit card rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Oct. 6, 2010.

The average interest rate for fixed-rate credit cards slipped 3 basis points to 13.76 percent this week, while the average variable rate rose 1 basis point to 14.36 percent.

On Monday, the U.S. Department of Justice filed a civil antitrust lawsuit against American Express and simultaneously announced that it had reached a proposed settlement with Visa and MasterCard over merchant agreement rules that prevent retailers from steering customers to payment cards with lower processing fees. American Express is fighting the suit, which means that for now, consumers may not see any changes at retailers that accept American Express cards.

In other news, Citi announced that it would begin a pilot program next month with "2G credit cards." It will let users apply rewards cash or points toward a purchase with a push of a button on their card.

Bankrate.com makes it easier to find low-rate credit cards and credit cards with rewards. You can search by issuer, card type or credit score.

-- Leslie McFadden

 

 

advertisement

Show Bankrate's community sharing policy
Advertiser Disclosure
Advertiser Disclosure

The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products.

          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.44%  0.03 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
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 launches cash-back card

The bank is out with a new cash back credit card that rewards consumers for paying down their balances.  ... Read more

Partner Center
advertisement

Connect with us