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National credit card rates for Jan. 29, 2015

Interest Rate Roundup

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Credit Cards

  • All fixed: 13.02%
  • All variable: 15.7%

Credit card rates were mixed 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, where it has held since early 2013. The APR for variable-rate cards went up 2 basis points to 15.7 percent. Prior to the increase, the APR for variable-rate credit cards had held at 15.68 percent for four straight weeks.

A basis point is one-hundredth of 1 percent.

This week, the Federal Reserve released a paper calling for improvements to the U.S. payments system. The Fed is calling for, among other things, a move to real-time payments, more options for U.S. consumers paying for items abroad, and better fraud protections in an increasingly threatened environment.




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Product Rate Change Last week
Balance Transfer Cards 15.88% --0.00 15.88%
Cash Back Cards 16.40%  0.03 16.43%
Low Interest Cards 11.03%  0.09 11.12%
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