I'm Greg McBride, senior financial analyst with Bankrate.com 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 Bankrate.com.
I'm Greg McBride.
The average variable credit card rate increased to 15.16 percent.
A rewards card can earn you miles or points for every dollar you spend on your next trip.
Follow these tips to find the best deal on a rewards credit card.
The average interest rate on variable-rate cards inched higher.
Can a zero percent balance transfer credit card help cut high-interest debt?
Benefits start at age 62 through 70. Do you collect it right away or hold off as long as you can?
Leslie Corcoran, CFP, discusses using immediate annuities for retirement income.
Do you have a life insurance policy for your dependents? Is it enough?
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
A little research could save you BIG on interest.