credit cards

National credit card rates for July 17, 2014

Interest Rate Roundup
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Credit Cards

  • 13.02% (all fixed)
  • 15.57% (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. However, the APR for variable-rate credit cards went down 4 basis points to 15.57 percent. The APR for variable-rate credit cards had held at 15.61 percent over the past two weeks after dropping 2 basis points during the week of July 2.

This week, a few big banks indicated credit card revenue was making up for declines in mortgage lending and trading. According to Bloomberg, JPMorgan Chase and Citigroup reported a year-over-year rise in card revenue as part of their second-quarter earnings, while Wells Fargo reported a rise in card fee revenue.

 

 

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Product Rate Change Last week
Balance Transfer Cards 15.67% --0.00 15.67%
Cash Back Cards 16.36%  0.01 16.35%
Low Interest Cards 10.87% --0.00 10.87%
 
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