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Credit card rates for June 26, 2014

Credit card rates were mixed again this week, according to Bankrate's latest survey. I'm Doug Whiteman with your weekly look at credit card rates.

The average annual percentage rate, or APR, for fixed-rate credit cards remained at 13.02 percent, where it has been stuck since early 2013.

The APR for variable-rate cards, however, was higher for the second week in a row. It ticked up 2 basis points to 15.63 percent.

Last week, the APR for variable-rate cards increased 1 basis point, after a month of holding steady.

If your variable-rate card's interest rate is rising and you're carrying a balance, you might consider moving the debt to a low-APR balance transfer card. There are still attractive offers ranging from 15 to 18 months free of interest. Be wary of balance transfer cards which offer cash back after you hit a spending threshold, though. Stay focused on paying down debt, not racking up new debt. You can, of course, shop around for the cards that best suit your needs, including balance transfer cards, using the rate tables on

I'm Doug Whiteman.


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Product Rate Change Last week
Balance Transfer Cards 15.73%  0.02 15.75%
Cash Back Cards 16.43%  0.02 16.45%
Low Interest Cards 10.98%  0.02 10.96%
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