I'm Greg McBride, senior financial analyst with Bankrate.com and here is your weekly look at credit card rates.
Variable credit card rates moved a touch higher this week, with the average rate now 14.48 percent. The average fixed rate credit card held at 13.71 percent for the 4th consecutive week.
Card issuers continue to nudge margins higher, particularly for consumers on the middle to lower end of the credit score spectrum. But consumers with strong credit are still in the driver's seat, as card issuers are reluctant to take on much in the way of risk and are actively seeking out the most creditworthy borrowers. The better your credit, the better your chances of landing one of the zero percent balance transfer offers or single digit interest rate credit cards in the marketplace. Even then, use the low rates as a tailwind to accelerate your debt repayment.
For more information on credit cards, and to find the best credit card for your needs, visit Bankrate.com.
I'm Greg McBride.
The average variable credit card rate increased to 15.16 percent.
A rewards card can earn you miles or points for every dollar you spend on your next trip.
Follow these tips to find the best deal on a rewards credit card.
The average interest rate on variable-rate cards inched higher.
Can a zero percent balance transfer credit card help cut high-interest debt?
Leslie Corcoran, CFP, discusses using immediate annuities for retirement income.
Do you have a life insurance policy for your dependents? Is it enough?
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
A little research could save you BIG on interest.