credit cards

Credit card rates for March 27, 2014

 

Interest rates on variable-rate credit cards rose for the first time this year. I'm Polyana da Costa with your weekly look at credit card rates.

The average annual percentage rate for variable-rate credit cards jumped 21 basis points this week, according to Bankrate's weekly survey. That brings the average to 15.59 percent.

But the increase was attributed to changes in the participants in the survey.
For fixed-rate credit cards, the average APR was 13.02 percent. That has been the case for more than a year.

In other credit card news, Bankrate's monthly Financial Security Index survey found that 36 percent of full-time workers say they have a greater amount of credit card debt than savings or emergency funds.

Overall, just half of the people surveyed said their emergency funds or savings accounts were greater than their credit card debt.

To find the best credit card rates, please visit Bankrate.com.

I'm Polyana da Costa.

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