Interest Rate Roundup
credit cards
National credit card rates

Here's a look at the state of credit card rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Dec. 30, 2009.

Credit Cards

Rates: 13.47 percent (standard fixed); 11.54 percent (standard variable)

Average variable interest rates on credit cards moved up this week. Across standard, gold and platinum cards, the mean purchase APR rose 6 basis points to 11.77 percent. On standard cards, the average variable rate also made a 6-basis point hike, to 11.54 percent.

Fixed rates didn't budge. For all cards, the average fixed rate remained at 12.43 percent and the standard-fixed rate kept to 13.47 percent.

For the third consecutive quarter this year, credit card balances dwindled. Total credit card debt dropped to $657 billion, down 8.2 percent from the $716 billion owed in the fourth quarter of 2008, according to a market intelligence report from Oliver Wyman and Experian, one of the three major credit reporting agencies.

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 15.67% --0.00 15.67%
Cash Back Cards 16.36%  0.01 16.35%
Low Interest Cards 10.87% --0.00 10.87%
 
Search
advertisement
CREDIT CARD WEEKLY NEWSLETTER

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

advertisement

Blog

Jeanine Skowronski

Is debt settlement worth it?

A new report finds it's hard for consumers using debt settlement firms to come out ahead.  ... Read more

Partner Center
advertisement

Connect with us