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 Feb. 10, 2010.

Credit Cards

Rates: 13.39 percent (all fixed); 13.63 percent (all variable)

The average fixed rate on purchases for all credit cards moved 99 basis points to 13.39 percent, while the average variable rate kept to 13.63 percent. Several cards were dropped from the survey. First PREMIER Bank is no longer offering two fixed-rate cards because the fees exceeded the level allowed by the new credit card law. GTE Federal Credit Union also dumped its gold and classic fixed-rate cards.

On Feb. 22, rate hike restrictions and other protections in the Credit Card Accountability, Responsibility and Disclosure Act go into effect, but many consumers have already seen their interest rates raised, fees increased or accounts closed. More than 43 percent of consumers in a January 2010 survey from reported at least one negative change to an existing credit card account, compared to 34 percent in the June 2009 survey. Around 27 percent reported a rate hike, 11 percent an account closure, 13 percent a credit limit reduction, and 19 percent an increase in fees.

You can find your best credit card deal -- by type -- at Bankrate's interactive tool.

See all credit card rates content.

-- Leslie McFadden


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 15.71%  0.01 15.70%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
Credit cards on a table

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


Credit Card Blog

Jeanine Skowronski

Less Americans behind on credit cards

Data from TransUnion puts delinquency rates at a 7-year low, but will the trend continue?  ... Read more

Partner Center

Connect with us