credit cards

Credit card rates for Oct. 18, 2012

 

I'm Lucas Wysocki with your weekly look at credit card rates. Fixed rate credit cards moved for the first time since March this week, jumping up 21 basis points to 14.02 percent and the average interest rate on variable rate credit cards remained at 14.56 percent for the third straight week.

In other credit card news, British researchers found a serious flaw with EMV cards. EMV chips, a popular card feature in Europe, boast improved security measures over their magnetic strip counterparts. However, the researchers found certain ATM and payment terminals actually made it easier to steal someone's card info from an EMV card. This points out that even if you have the latest and greatest security features, credit card customers are best served by keeping close tabs on their credit reports and account activity.

If you're in the market for a new credit card, you can shop for the best rate and compare features right here at Bankrate.com. I'm Lucas Wysocki.

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