I'm Lucas Wysocki with your weekly look at credit card rates. This week, the average interest rate on a variable rate credit card fell one basis point to 14.58 percent. For fixed rate cards, the average interest rate didn't move for the sixth straight week, sitting at 14.02 percent.
Credit card delinquencies rose in the third quarter, according to a report Monday from credit reporting agency TransUnion. The percentage of borrowers 90 days past due or more rose to 0.75 percent from 0.71 percent in the second quarter, but it still remains near historic lows.
Now that the holidays are in full swing, it's important to be mindful of your credit card debt. You don't want to still be paying off your 2012 Christmas shopping 6 months into 2013. Set a reasonable budget and stick to it this year. And to shop for the best rate on a new credit card, use the free search engine right here at Bankrate.com. I'm Lucas Wysocki.