Interest Rate Roundup
credit cards
National credit card rates

Here's a look at the state of credit card rates from's weekly national survey of large banks and thrifts conducted Jan. 13, 2010.

Credit Cards

Rates: 13.47 percent (standard fixed); 11.61 percent (standard variable)

Variable interest rate averages on credit cards climbed this week, while fixed rates remained unchanged.  Across standard, gold and platinum cards, the mean variable rate came up 14 basis points to 11.91 percent. The average variable APR on standard cards hiked 7 basis points to 11.61 percent.

The mean fixed rate for all cards clung to 12.43 percent. Fixed rates on standard cards averaged 13.47 percent for the sixth consecutive week.

Yesterday the Federal Reserve approved final rules that implement the second round of provisions in the Credit Card Accountability, Responsibility and Disclosure Act that go into effect on Feb. 22. The Federal Reserve issued its first set of rules for the CARD Act provisions in July, one month before the initial round of protections took hold. The rules also adjust some of the final regulations on unfair credit card practices that the Federal Reserve rolled out in December 2008. The CARD Act was signed into law on May 22, 2009.

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 15.75%  0.02 15.77%
Cash Back Cards 16.45%  0.03 16.48%
Low Interest Cards 10.96% --0.00 10.96%
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