Interest Rate Roundup
credit cards
National credit card rates

Here's a look at the state of mortgage rates from's weekly national survey of large banks and thrifts conducted Jan. 6, 2010.

Credit Cards

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

Credit card interest rate averages stayed flat this week. For all fixed-rate cards, the average APR for purchases was 12.43 percent and the mean variable rate kept to 11.77 percent.

Average rates on standards cards didn't move either. The mean standard-fixed APR held at 13.47 percent and standard-variable rates stood at 11.54 percent.

In response to a class-action lawsuit, HSBC will become the fourth major issuer to drop mandatory arbitration clauses from its credit card agreements, according to Capital One, Chase and Bank of America have already abandoned binding arbitration, which prevents the cardholder from suing the card issuer in court. Rather, all disputes are settled through a third-party arbitrator or judge.

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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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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