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National credit card rates for Feb. 26, 2015

Interest Rate Roundup

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Credit Cards

  • All fixed: 13.02%
  • All variable: 15.76%

Credit card rates were unchanged this week, according to Bankrate's weekly survey of interest rates.

The average annual percentage rate, or APR, for fixed-rate credit cards was 13.02 percent, while the APR for variable-rate credit cards was 15.76 percent. The APR for fixed-rate credit cards has held steady since early 2013. The APR for variable-rate credit cards had stayed the same for two weeks in a row, but then spiked 6 basis points during the week of Feb. 19.

A basis point is one-hundredth of 1 percent.

This week, Bloomberg reported that American Express is raising interest rates for more than 1 million customers after discovering its competitors were charging higher rates to borrowers "with similar credit profiles."




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Product Rate Change Last week
Balance Transfer Cards 15.95%  0.07 15.88%
Cash Back Cards 16.51%  0.08 16.43%
Low Interest Cards 11.10%  0.07 11.03%
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