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

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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.

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Product Rate Change Last week
Balance Transfer Cards 15.77%  0.06 15.71%
Cash Back Cards 16.48%  0.07 16.41%
Low Interest Cards 10.96%  0.10 10.86%
 
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