- 13.02% (all fixed)
- 15.61% (all variable)
Rates on credit cards were again unchanged this week, according to Bankrate's latest survey of interest rates.
For the third week in a row, the average annual percentage rate, or APR, for variable-rate credit cards was 15.61 percent. The APR for fixed-rate cards stayed at 13.02 percent, where it has been for more than a year.
Nearly 3 million customers are estimated to have been affected by a months-long credit card data breach discovered at Michaels Stores Inc., the arts and crafts retail giant. That number represents about 7 percent of the cards used during the time period of the data breach, according to a statement released last Thursday.
After launching an investigation, Michaels found that the breach occurred between May 8, 2013, and Jan. 27, 2014. Hackers were able to gain access to sensitive information such as credit card numbers and expiration dates, the statement said.