credit cards

National credit card rates for July 5, 2012

Interest Rate Roundup
Credit card rate graph
Find the best credit card offers available.

Credit Cards

  • 13.81% (all fixed)
  • 14.5% (all variable)

The average annual percentage rate, or APR, for variable-rate credit cards rose 4 basis points this week to 14.5 percent from 14.46 percent after one issuer increased the high end of its interest-rate range, according to Bankrate's latest survey of interest rates. A basis point is one-hundredth of 1 percentage point.

The fixed APR remained steady at 13.81 percent, where it has been since the first week of March.

Credit card holders are paying down their outstanding balances at the fastest rate on record, according to the latest Fitch Ratings index, which started in 1991. Additionally, card delinquencies hit their second-lowest level in 18 years in June's reading, which measures credit card performance through the end of May. The percentage of credit card accounts that were deemed uncollectible also declined after increasing the previous month.

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
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%
 
Search
advertisement
CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Credit Card Blog

Jeanine Skowronski

Home Depot breach bigger than Target’s

The bad news: 56 million card were compromised. The good news: The breach has been contained.  ... Read more

Partner Center
advertisement

Connect with us