- 13.02% (all fixed)
- 15.7% (all variable)
Credit card rates were mixed this week, according to Bankrate's latest survey of interest rates.
The average annual percentage rate, or APR, for fixed-rate credit cards stayed at 13.02 percent, where it has held since early 2013. The APR for variable-rate credit cards fell 2 basis points to 15.7 from 15.72 percent. A basis point is one-hundredth of 1 percent.
Prior to the dip, the APR for variable-rate credit cards held steady for two straight weeks.
This week, credit card reader Square introduced physical gift cards to its product line.