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National credit card rates for May 17, 2012

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Credit Cards

  • 13.81% (all fixed)
  • 14.45% (all variable)

Credit card rates remained unchanged this week, according to Bankrate's latest survey of interest rates. The average annual percentage rate, or APR, for variable-rate credit cards stayed steady at 14.45 percent for the second week in a row. The fixed APR was 13.81 percent. It hasn't budged since the first week of March.

The average credit card debt per U.S. consumer fell 13 percent to $5,650 in April from $6,493 a year ago and is down almost 4 percent from $5,871 in March, according to the latest survey from CreditKarma.com released Wednesday. Residents of Alaska and Hawaii had the highest average credit card debt of $7,096 and $7,090, respectively. Mississippi and Louisiana residents boasted the lowest averages of $4,232 and $4,504, respectively, according to the report.

 

 

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Product Rate Change Last week
Balance Transfer Cards 15.75%  0.02 15.77%
Cash Back Cards 16.45%  0.03 16.48%
Low Interest Cards 10.96% --0.00 10.96%
 
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