credit cards

Credit card rates for Oct. 20, 2011



Balances on credit cards are getting higher while variable APRs tick lower this week.

According to's most recent survey of interest rates, the average annual percentage rate for variable-rate credit cards slipped 4 basis points to 14.44 percent from 14.48 percent; while the fixed rate remained at 13.85 percent for the third consecutive week.

News this week from six of the largest credit card issuers revealed that more Americans are falling behind on their credit card bills.

After more than two years of consistent improvement, Bank of America, JPMorgan Chase, Citigroup, Discover, Capital One and American Express reported increases in the percentage of cardholders who are at least 30 days late on their monthly payments in September. While the upticks were modest, they could signal tougher times ahead for consumers.

If you're looking for better interest rates on your credit cards, you start the process right here at I'm Kristin Arnold.



Show Bankrate's community sharing policy
          Connect with us

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
Partner Center


Tara Baukus Mello

Flat-rate car towing as needed

Goodyear has introduced a roadside assistance program where you pay a flat rate whenever you need a tow with no annual fee.  ... Read more

Connect with us