Interest Rate Roundup
- All fixed: 13.02%
- All variable: 15.82%
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, while the APR for variable-rate credit cards rose 4 basis points to 15.82 percent.
A basis point is one-hundredth of 1 percent.
The APR for fixed-rate credit cards has held steady for more than two years, while the APR for variable-rate credit cards has been rising steadily through April.
Discover recently launched "Freeze It," a service that allows cardholders to turn their plastic "on" and "off" via their smartphone or desktop whenever they misplace it.