credit cards

Credit card rates for Aug. 9, 2012


I'm Greg McBride, senior financial analyst with and here is your weekly look at credit card rates.

While the average fixed rate credit card remains 13.81 percent, the average variable credit card rate moved up 2 basis points to 14.52 percent, the highest since March. This is a testament to how placid credit card rates have been throughout 2012, with the average rate fluctuating within a band of one-eighth of a percentage point since the first of the year.

Absent any interest rate movement from the Fed or any groundbreaking new legislation, a static environment for credit card rates is par for the course. But those with good or improving credit profiles are in a position to snag the lower rates that prevail in the marketplace, so don't take your current credit card rate sitting down. It is always important to shop around.

For more information on credit cards, and to find the best credit card for your needs, visit

I'm Greg McBride.



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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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