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 Feb. 17, 2010.

Credit Cards

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

Credit card interest rate averages stayed flat this week. The average fixed rate for purchases across standard, gold and platinum cards kept to 13.39 percent and the mean variable rate remained 13.63 percent. One issuer in our weekly survey, Suncoast Schools Federal Credit Union, stopped charging its $25 overlimit fee.

New research from the Pew Safe Credit Cards Project finds that the interest rate restrictions included in the second phase of the Credit Card Accountability, Responsibility and Disclosure, or CARD, Act of 2009, which takes effect on Monday, will save consumers a minimum of $10 billion per year. The third round of provisions rolls out on Aug. 22, 2010, including gift card protections and a requirement that penalty fees be "reasonable and proportional."

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 15.71%  0.01 15.70%
Cash Back Cards 16.36% --0.00 16.36%
Low Interest Cards 10.91% --0.00 10.91%
 
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

Allison Ross

BofA to pay $772 million over credit cards

Bank of America is refunding about $738 million to customers in addition to $45 million in penalties.  ... Read more

Partner Center
advertisement

Connect with us