credit cards

National credit card rates for Aug. 21, 2014

Interest Rate Roundup
Find the best credit card offers available.

Credit Cards

  • 13.02% (all fixed)
  • 15.61% (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 was 13.02 percent, where it has held steady since early 2013. The APR for variable-rate cards went down 1 basis point to 15.61 percent. Prior to the dip, it had held at 15.62 percent for two weeks.

A basis point is one-hundredth of 1 percent.

This week, Square announced it has secured funding to expand Square Capital, a cash-advance program for businesses using its credit card readers. The startup says it already has extended nearly $50 million to more than 10,000 businesses through the program.

 

 

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Product Rate Change Last week
Balance Transfer Cards 15.71%  0.02 15.69%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
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