I'm Doug Whiteman with your weekly look at credit card rates. The average interest rate on variable rate cards broke a five-week holding pattern and inched up to 15.14 percent this week. The average rate on fixed rate cards held steady at 13.02 percent.
According to a FICO spokesperson, the average person with a credit score about 780 has 4 to 5 credit cards showing on their credit report with three that report a balance and are paid down each billing cycle. If you're trying to build your credit score, but putting all of your charges on a single credit card, it might help to shop around for a new rewards card. You can do that right here at Bankrate.com. I'm Doug Whiteman.
Can a zero percent balance transfer credit card help cut high-interest debt?
The new year started out with credit card rates inching higher.
The average rate for variable-rate credit cards fell 1 basis point.
Add money to your pocket for routine expenses from credit card reward payouts.
A rewards card can earn you miles or points for every dollar you spend on your next trip.
Want to save on insurance? Make sure to check on any new discounts your insurer may be offering.
Follow these three steps to raise your credit score now before you start borrowing money.
No longer finding free checking at your bank? You may want to consider a credit union.
Planning, clipping and budgeting can save you money on your food bill.
Studies have shown employees who take advantage of 401(k) advice do better than their peers.
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A little research could save you BIG on interest.
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