Interest Rate Roundup
- All fixed: 13.02%
- All variable: 15.85%
Credit card rates were unchanged again this week in Bankrate's survey of national interest rates.
The average annual percentage rate, or APR, for fixed-rate cards was 13.02 percent, where it has held since early 2013. The average APR for variable-rate credit cards was 15.85 percent for the third consecutive week, after steadily rising in early April.
TD Bank recently announced it is purchasing Nordstrom's entire consumer credit card portfolio, totaling about $2.2 billion in receivables. The agreement will allow TD Bank to become the retailer's exclusive U.S. credit card issuer.