- 13.02% (all fixed)
- 15.7% (all variable)
Once again, there are no changes to report on credit card rates in Bankrate's weekly survey of interest rates.
The average annual percentage rate, or APR, for fixed-rate cards clocked in at 13.02 percent, where they have been for nearly two years. Unchanged for four weeks in a row, the APR for variable-rate cards was 15.7 percent.
Consumers took on less debt than expected in October, Bloomberg reported on data released from the Federal Reserve last week. Approaching the seasonal holiday extravaganza, households borrowed only $13.2 billion, the smallest expansion in a year. Economists surveyed by Bloomberg predicted growth of $16.5 billion for the month.