Rates Current as of Sunday September 24, 2017
Credit card news on current credit card rates and credit card offers. See the latest credit card news covering events and changes in the credit card industry. Find the latest information on credit card deals and new credit card promotions. Credit card news covers low rate credit cards, student credit cards, business credit cards, introductory credit card rates and more. Search current breaking news in the credit card industry to helps find new credit cards offers and the latest deals available today. Read up to date credit card news on bank credit cards and credit card companies to learn how to obtain the best credit with the best credit card rate that best suits your needs. To find more information on specific credit card offers for low interest rate credit cards, credit card reward programs, credit cards for balance transfers, student credit cards, business credit cards, credit cards for bad credit, prepaid credit cards, secured credit cards, gas credit cards or cash back credit credit cards see the following pages: balance transfer credit cards,credit cards for bad credit,prepaid credit cards, cash back credit cards, secured credit cards, student credit cards, business credit cards or gas credit cards.

Credit Card Rates Duck, Dodge, and Do Nothing in May

Credit Card Rates Jump Higher Again in March

Credit Card Rates Stabilize in 2017 after Fed Boosts Funds Rate

Feds Rate Move Muddles Up Credit Card Rates

Credit Card Rates Remarkably Steady as the Market Waits for the Fed

Credit Card Spending Set to Jump Higher Again During the Holidays

Strong Economic Growth Brings Only Subtle Changes to Credit Card Rates

Best Credit Card Rates in Mid-Summer Holding Firm

Consumer Credit Card Rates Remain Stubborn as Summer Gets Underway

Small Uptick in Credit Card Rates at End of Summer

Credit Card Rates Once Again Holding Firm

Small Rise in Credit Card Rates

When the Fed Raises Rates Your Credit Card Bill Will Go Up Too

Credit Card Rates Remain Suspended

Credit Card Rates Tick Higher While the Rest of the Market is on Pause

Hasta La Vista AmEx, Hello to the Citi and Visa

Interest Rates Drop Credit Card Rates Remain Unchanged

Credit Card Signing Bonus vs Credit Card Rewards

The Best Balance Transfer Credit Cards with No Fee and 0%

Store Credit Card Rates Survey November 2014

Best Holiday Credit Card Offers

Credit Card Rates Tip Toe Lower, Finally

Best Credit Cards for International Travel November 2014

Survey of Credit Card Foreign Exchange Rates October 2014

Best Credit Card Foreign Exchange Rates October 2014

Best Credit Card Bonuses October 2014

Credit Card Rates Shift to the Right

Today’s Best Store Credit Cards October 2014

Today’s Best Hotel Credit Cards October 2014

Credit Card Rates Surprise and Go Down a Notch

Latest CFPB Fine Highlights Problems with Credit Card Add-Ons

New Credit Card Rates take a Pause

Best Bank Prepaid Cards September 2014

Credit Card Rates Climb Higher

Credit Card Rates Running in Place

Credit Card Rates Up Fractionally

Credit Card Rates Go Sideways, No Help to Consumers

Credit Card Rates Jump to Start the Year

Credit Card Rates Slide at Years End

Credit Card Rates On the Sidelines

Credit Card Rates Up October 2013

The Best Credit Card Rates Remain Jammed

New Credit Card Offers Show Rate Hike September 2013

Credit Card Rates Make Slight Reversal August 2013

Credit Card Rates Stuck in the Mud July, 2013

Small Uptick in Credit Card Rates in June, 2013

Top Credit Card Rates Holding Steady Yet Again May 3rd, 2013

Credit Card Rates Show Mild Dip April 5, 2013

The Best Credit Card Rates Slide March 1, 2013

Best Credit Card Rates for February 1, 2013

The Best Credit Card Rates for January 11, 2013

Current Credit Card Rates for January 4, 2013

Credit Card Rates Crawl Higher February 6, 2012

Credit Card Rates Remain Steady January 30, 2012

Credit Card Rates Jump a Notch January 23, 2012

Credit Card Rate Survey Shows No Change January 16, 2012

Modest Rise in Credit Card Rates Start the New Year January 9, 2012

Interest Rates on New Credit Cards Drop January 2, 2012

Rates on New Credit Cards on Hold December 26, 2011

Credit Card Rates Reverse Course and Move Higher December 19, 2011

Borrowing Costs Drop on Credit Card Rates December 12, 2011

Credit Card Rates Continue to Coast December 5, 2011

Best Credit Card Rates Relax for the Holidays November 28, 2011

Credit Card Rates Refuse to Follow and Rates Rise November 21, 2011

Best Credit Card Rates Survey Shows Rate Unchanged for November 14, 2011

Best Credit Card Rates Slip November 7, 2011

Credit Card Rates Survey Unchanged for October 31, 2011

Best Credit Card Rates Move Higher for October 24, 2011

Best Credit Card Rates Survey for October 17, 2011

Current Credit Card Rates October 10, 2011

The Best Credit Card Rates October 3, 2011

Credit Card Rates for the Week Ending September 23, 2011

Best Credit Cards Rates are Back to Stable September 19, 2011

Rates Up for the Best Credit Card Rates September 12, 2011

Best Credit Card Rates Survey for September 5, 2011

Another Week of Stable Credit Card Rates for August 29, 2011

Stable Credit Card Rate Rates for August 22, 2011

Best Credit Card Rate Rates are Down August 15, 2011

Best Credit Card Rate Rates Fighting the Trend August 8, 2011

Credit Card Rate Rates Stable August 1, 2011

Credit Card Rate Rates Survey July 25, 2011

Best Credit Rates July 18, 2011

Best Credit Card Rate Rates July 11, 2011

The Best Credit Card Rate Rates Update July 5, 2011

Credit Card Rate Rate Survey June 27, 2011

Credit Card Rate Rates June 20, 2011

Best Credit Card Rates June 13, 2011

Credit Card Interest Rates June 6, 2011

Best Credit Cards Rates Survey May 30, 2011

Best Credit Cards Rates May 23, 2011

Best Credit Rates May 16, 2011

Best Credit Cards Rates May 9, 2011

The Best Credit Card Rates May 2, 2011

The Best Credit Card Rates April 25, 2011

Best Credit Card Rates Survey April 18, 2011

Credit Card Rates April 11, 2011

The Best Credit Cards and Credit Card Rates Survey April 4, 2011

The Best Credit Cards and Credit Card Rates Survey March 28, 2011

Best Credit Card Rates Survey March 21, 2011

Top Credit Card Rates March 14, 2011

Credit Card Rate Survey March 7, 2011

Top Credit Card Rate Survey February 28, 2011

Credit Card Rates February 21, 2011

Best Credit Card Rates February 14, 2011

The Anomaly of Minimum Credit Card Payments

Best Credit Card Rates February 7, 2011

Best Credit Card Rates January 31, 2011

Best Credit Card Rates January 24, 2011

Best Credit Card Rates January 17, 2011

The Best Credit Card Rates January 10, 2011

Best Credit Card Rates January 3, 2011

Credit Card Expansion Seen in 2011

Best Credit Card Rates December 27th, 2010

Best Credit Card Rates December 20th, 2010

Kardashian Prepaid Credit Card Backlash Continues for Prepaid Card Industry

Best Credit Card Rates Survey December 13th, 2010

Best Credit Card Rates December 6th, 2010

The Credit Card Industrys Fight Over Debit Card Fees

Best Credit Card Rates November 29th, 2010

National Credit Card Rates November 22nd, 2010

The Best Credit Card Rates Survey November 15, 2010

National Credit Card Rates November 8th, 2010

National Credit Card Rates October 29th, 2010

Best Credit Card Rates October 25th, 2010

Best Credit Card Rates Fall Again October 18th, 2010

Best Credit Card Rates October 11th, 2010

Best Credit Card Rates October 4th, 2010

Credit Card Rates September 27, 2010

Best Credit Card Rates News September 20, 2010

Latest News on the Best Credit Card Rates September 13, 2010

Best Credit Card Rates Survey September 6, 2010

Weekly Best Credit Card Rates Survey August 30, 2010

Best Credit Card Rates Weekly Rate Survey August 23, 2010

Best Credit Card Rates August 16, 2010

Best Credit Card Rates Survey August 9, 2010

Best Credit Card Rates Survey July 26, 2010

Best Credit Card Rates and Term Changes

Best Credit Card Rates Survey July 19, 2010

Best Credit Card Rates Survey July 5, 2010

Credit Card Rates Survey June 23, 2010

Best Credit Card Rates Survey June 16, 2010

Best Credit Card Rates for Bad Credit

Best Credit Card Rates Survey June 7, 2010

Best Credit Card Rates Balance Transfer Rate Surfing

Best Credit Card Rates Student Credit Card Update

The Best Credit Card Rates and Variable Rates

Chase Credit Cards Introduced

Credit Card Use Out of Control

Credit Card Rates Remain Stubbornly High

Switching Credit Cards

Choosing a Credit Card with an Annual Fee

Credit Cards Accepted at More Locations but Not by Choice

Bad Credit Card Practices by Credit Card Companies

Credit Card Rates Averages for the Week Ending July 30, 2009

Credit Card Rates for the Week Ending July 10, 2009

Credit Card Rates for the week ending June 26, 2009

Credit Card News Article

Credit Card Rates Duck, Dodge, and Do Nothing in May

With no change to the Prime Rate and the Federal Reserve remaining quiet this past month, credit card rates in May showed no significant change from the prior month.  Credit card rates, along with a number of other consumer lending rates, are now in limbo as the market digests the latest political and economic news that could potentially move interest rates in the near future.

Earlier in the year investors seemed convinced that the decade long trend of lower interest rates had been reversed after president Trump took office.  This position was at least partially validated when the Federal Reserve boosted the fed funds rate in March.  The change in confidence and market direction pushed interest rates higher and credit card holders were not spared from the increase in rates and ultimately, the cost associated with carrying credit card debt.

However, the latest political miscues combined with the lack of any meaningful legislative changes by the Trump administration has hindered the upward momentum that was driving interest rates.  Instead of continuing higher in 2017, interest rates have consolidated and are holding in a narrow or sideways pattern.

The average rate for new credit card offers ticked up just two basis point in the month of May.  One basis point is equal to 1/100th of a percent (0.01%). New credit cards available to consumers had an average rate of 14.16 percent in May, up from 14.14 percent in April.

Most credit card categories were unchanged from the previous month with the exception of low rate credit cards and travel rewards credit cards.  Low rate credit cards so an increase of two basis points in the average rate, climbing to 11.64 percent, while travel reward credit cards were bumped up one basis point to 13.28 percent.  The remaining five categories of credit cards in the Bestcreditcardrates.com survey were unchanged from the previous month.

Average national credit card rate: 14.16%

Average low rate credit card rate: 11.64%
Average cash back credit card rate: 13.29%
Average balance transfer credit card rate 12.93%
Average student credit card rate: 14.56%
Average rate on business credit cards: 13.05%
Average travel rewards credit card rate: 13.28%
Average secured credit card rate: 20.69%

The Bestcreditcardrates.com credit card rate survey is conducted monthly and measures the interest rates and fees offered on dozens of credit cards promoted by the leading credit card companies.

The credit card rate data presented in the survey is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market to help find the best credit card rates on a card that suit their needs.

Credit card rates and terms are subject to change, review the individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Credit Card Rates Jump Higher Again in March

Credit card interest rates had stabilized after absorbing the last rate increase delivered by the Federal Reserve at the end of 2016.  Rates on new credit card offers are jumping higher once again after the Fed has enacted another increase to the fed funds rate on March 15.  Note – rates are higher on new card offers, the impact on existing borrowers may not be felt for several weeks.

The influence on credit card rates coming from the Feds decision to increase interest rates or normalize monetary policy has had an almost immediate impact on new credit card offers.  Notification of the Feds decision to raise the target range for the federal funds rate to 0.75 to 1 percent from the previous target of 0.50 to 0.75 percent was announced on March 15 and by the 16th almost every major credit card issuer had boosted their Prime Rate by a similar addition.

The Prime Rate on March 16th, just 24 hours after the Fed announcement, had been hiked by a corresponding 0.25% to match the actions of the Fed, pushing the Prime Rate up to 4.00%.  Since almost every major credit card offer in the U.S. is  a variable rate card tied to the Prime Rate, most credit card offers jumped by 0.25%.

Based on the current credit card rate survey, the national average credit card made a measurable advance to 14.09 percent in the month of March.  Credit card interest rates were higher across the board with almost every category of card offers getting impacted by the Fed and the subsequent increase in the Prime Rate.

Individual credit card interest rates may vary from the survey findings based on a variety of factors, with the applicant’s credit score being the most important factor once the selection of the credit card type has been ascertained.  The average credit card interest rate varies significantly depending on the type of card you’re looking at

Average national credit card rate: 14.09%

Average low rate credit card rate: 11.62%
Average cash back credit card rate: 13.29%
Average balance transfer credit card rate 12.93%
Average student credit card rate: 14.56%
Average rate on business credit cards: 13.05%
Average travel rewards credit card rate: 13.27%
Average secured credit card rate: 20.69%

The Bestcreditcardrates.com credit card rate survey is conducted monthly and measures the interest rates and fees offered on dozens of credit cards promoted by the leading credit card companies.

The credit card rate data presented in the survey is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market to help find the best credit card rates on a card that suit their needs.

Credit card rates and terms are subject to change, review the individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Credit Card Rates Stabilize in 2017 after Fed Boosts Funds Rate

After a rather sizable rise at the end of 2016, credit card rates were mostly stable at the beginning of 2017.  The average APR for new credit card offers increased by a relatively modest, three basis points or 0.03% in January.  The rate increases put in effect by card issuers pushed the average card APR up to 13.97 percent from 13.94 percent.

An increase in the federal funds rate put in place by the Federal Reserve in December had an almost immediate impact on credit card rates, but it didn’t hit all cards at the same time.  The subsequent rise in credit card costs did not permeate all of the card market at the end of the year.  Some credit card companies boosted rates higher a fair bit after the Fed move and these new card offers were picked up in the mid-January rate survey.

While credit card rates are not tied to the fed funds rate, the vast majority of credit cards are based on the Prime Rate and within days of the fed funds rate increase, the Prime Rate moved upwards by an identical amount.

Even with only modest rate changes materializing at the start the year, consumers should keep a close eye on economic and financial events this year to see where card costs may be headed.  Recent signals put out by the Federal Reserve combined with the sustained growth in employment is leading most economists to forecast multiple rate increased by the Fed over the next several months.  Fed rate increases will unquestionably result in higher card rates and costs for those consumers that carry a credit card balance.

Over the past 90 days, all of the largest credit card issuers have increased the interest rates attached to new card offers, including Chase credit cards, Capital One, Citibank, Bank of America, Discover, American Express, U.S. Bank, Citi, and Wells Fargo.

Average national credit card rate: 13.97%

Average low rate credit card rate: 11.31%
Average cash back credit card rate: 13.11%
Average balance transfer credit card rate 12.62%
Average student credit card rate: 14.38%
Average rate on business credit cards: 12.80%
Average travel rewards credit card rate: 12.95%
Average secured credit card rate: 20.45%

The Bestcreditcardrates.com credit card rate survey is conducted monthly and measures the interest rates and fees offered on dozens of credit cards promoted by the leading credit card companies.

The credit card rate data presented in the survey is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market to help find the best credit card rates on a card that suit their needs.  Credit card rates and terms are subject to change, review the individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Feds Rate Move Muddles Up Credit Card Rates

The increase in the fed funds rate put into effect by the Federal Reserve in December has had a direct impact on consumer credit card rates.  No question, as of December credit card rates are higher.  However, the average consumer is not going to feel the sting of the rate increase until the early months of 2017.

The delay in payment shock coming from the increase in the fed funds rates relates to how Fed decisions trickle down to consumer bank lending and savings rates.

Most consumer credit card rates are variable rates.  Interest rate charged on these cards are based on an index, which can change over time, and a margin, a fixed amount added to the index.  The fully indexed rate, the variable index plus the predetermined margin, establishes the account holder’s credit card rate charged on purchases, balance transfers, and cash advances.

The index used on the vast majority of credit cards is the Prime Rate.  Bank Prime Rates are not set by the Federal Reserve or targeted by the Federal Reserve as the fed funds rate is.  This rate is determined by individual banks based on underlying market conditions.

The conclusion one could draw from this information is that credit card rates are not moved by the Feds actions that push the fed funds rate high.  Unfortunately, there is almost a direct correlation between changes in the fed funds rate and changes in the Prime Rate.

Each time the Federal Reserve moves the fed funds rate, higher or lower, the major U.S. based banks adjust their Prime Rate.  When the Fed raised the fed funds rate in mid-December by 0.25% almost all major banks raised their Prime Rate by the same amount on that very same day.

The end result of the fed funds increase is an increase in the Prime Rate and an increase in credit card rates for those card holders that have a variable rate credit card tied to the Prime Rate.  And again, variable rate credit cards tied to the Prime Rate covers the overwhelming majority of cards issued.

As a result of the cascading rate increases that started with the Fed in mid-December, the average consumer credit card rate for the month jumped by 0.20%.  Based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com, today the average credit card holder pays an APR of 13.94%.  The current interest rates offered by credit card companies are at the highest levels of 2016.

December credit card rates.

Average national credit card rate: 13.94%

Average low rate credit card rate: 11.29%
Average cash back credit card rate: 13.09%
Average balance transfer credit card rate 12.59%
Average student credit card rate: 14.37%
Average rate on business credit cards: 12.79%
Average travel rewards credit card rate: 12.95%
Average secured credit card rate: 20.46%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  Credit card issuers represented in the current survey include Chase Bank, American Express, Capital One, Citi, Discover, HSBC, PNC Bank, U.S. Bank, Wells Fargo, and more.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market to help find the best credit card rates on a card that suit their needs.  Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Credit Card Rates Remarkably Steady as the Market Waits for the Fed

The holiday shopping season is jumping into high gear and with that comes a predictable jump in credit card transactions.  Fortunately for consumers, the interest rates charged carrying credit card debt are not moving nearly as fast the sales transactions.

The hold on rates is especially appealing considering investors are waiting for the next upcoming Federal Reserve meeting in December to see if the market gets the long awaited hike in the fed funds rate.

Purchases made by consumers around the holiday season boosts credit card debt almost every year as indicated by the Federal Reserve’s measure of consumer revolving debt which shows the largest increases in revolving credit card debt occurs during the fourth quarter of the year.  This year, the average consumer will be paying an average APR of 13.73% on any outstanding credit card balances.

The current credit card rate for the month of November is two basis points higher than it was in the previous month.  The rise in card rates is the result of rate increases on just a few credit card offers promoted by the larger issuers.  Over the course of the month, the majority of credit card rates were unchanged and there were absolutely no rate decreases offered by any of the credit card companies in the monthly rate survey.

Within the individual categories of credit card types, three categories experienced a rate increase and four were unchanged.  Student credit card rates were bumped up to 14.17%, balance transfer credit card rates ticked up to 12.39%, and business credit cards moved higher to an average cost of 12.59%.  Cash back reward credit cards, low rate credit cards, travel rewards credit cards, and secured credit cards had no discernible change in the average rate offered in the most recent survey.

November credit card rates.

Average national credit card rate: 13.74%

Average low rate credit card rate: 11.09%
Average cash back credit card rate: 12.87%
Average balance transfer credit card rate 12.39%
Average student credit card rate: 14.17%
Average rate on business credit cards: 12.59%
Average travel rewards credit card rate: 12.71%
Average secured credit card rate: 20.35%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  Credit card issuers represented in the current survey include Chase Bank, American Express, Capital One, Citi, Discover, HSBC, PNC Bank, U.S. Bank, Wells Fargo, and more.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market to help find the best credit card rates on a card that suit their needs.  Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Credit Card Spending Set to Jump Higher Again During the Holidays

Credit card spending is projected to jump measurably higher during the final weeks of 2016.  Expectations for retail sales growth are upbeat this year with recent economic data coming in with a generally positive tone fostering increased consumer spending.  Consumer expenditures often reach their highpoint of the year during the holiday season and those expenditures are frequently fueled by increasing in credit card use.

Retail sales are usually high in the final months of each year.  Historically, December holiday sales account for largest percentage of annual retail sales and this year should be no exception.  But, 2016 might see bit grow more than the normal, cyclical sales growth.  Positive momentum in retail sales this year is being fueled by several months of strong jobs growth, the first solid reports on wage growth, and rising inflation.

In fact, the 2016 holiday season is expected to one of the largest retail sales months this decade.  The National Retail Federation (NRF) is forecasting $655.8 billion in holiday sales, a 3.6 percent increase over last year.  NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, grocers, wholesalers, chain restaurants and a variety of online retailers.

With expectations for sales growth optimistic, now is the time for consumers to watch how they pay for those increased expenditures.  More shoppers this holiday season will be spend their dollars buying online compared to last year in addition to increase purchases at brick and mortar retailers.

When it comes down to making those purchases this holiday, the payment method of choice is a traditional credit card.  Of course, it is no surprise that more spending leads to more credit card use.  What may be surprising is that credit card use during the holidays is spread across a wide set of demographics from young adults to Millennials and Baby Boomers.  Consumers clearly are embracing the convinces afforded through credit card use including fraud protection, rewards benefits, and the simple credit attribute allowing the user to buy now and pay later even if the payment later is made within the grace period when no interest charges accrue.

Whether the credit card user is routinely paying their balance in full each month or making installment payments over time, card users continue to shop for new credit cards along with their shopping for new gifts.  With credit card promotions running hot once again it is no wonder that consumers looking for a shopping discount are finding them available with low rate credit card offers, zero interest promotional terms, increased credit card rewards, and sign on bonuses that pay out as soon as a new card is activated.

Strong Economic Growth Brings Only Subtle Changes to Credit Card Rates

Consumer credit card rates moved slightly higher at the end of summer as the climate in the northern hemisphere has become colder.  Climate change however is not the cause of the upward movement in credit card rates rather, an economy that is heating up appears to be the primary catalyst.

Employment growth in the U.S. has been surprisingly robust for several months.  In the absence of poor economic growth overseas and instability in many parts of the world, domestic interest rates would most certainly be higher.

While credit card rates in general are still near historic lows, the trend is moving to the upside especially with jobs growth putting pressure on the Federal Reserve to raise interest rates before the end of the year.

Based on the most recent survey of consumer credit card rates conducted by Bestcreditcardrates.com, the average rate on the best consumer credit card rates had an average Annual Percentage Rate (APR) of 13.73%.  The average rate is based on the lowest rates published by the credit card issuers in the survey.

The most recent rate data showed a number of increases in credit card rates with three different card categories showing rate increase while none of the categories displayed a rate reduction.

Consumer cash back reward cards rose to an average 12.87% APR.  Low rate credit cards saw a jump in the average interest rate to 11.10% and travel rewards cards also experience an uptick in rates with the average rate getting boosted up to 12.71%.  Balance transfer credit card rates, student credit card rates, business credit card rates and secured credit card rates, the category with the highest average rate, were unchanged in the latest survey.

Average national credit card rate: 13.73%

Average low rate credit card rate: 11.09%
Average cash back credit card rate: 12.87%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.71%
Average secured credit card rate: 20.35%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  Credit card issuers represented in the current survey include Chase Bank, American Express, Capital One, Citi, Discover, HSBC, PNC Bank, U.S. Bank, Wells Fargo, and more.

Not all credit cards will fit the needs for all consumers regardless of the interest rate.  Shopping for the right credit card cannot only save the card holder a great deal of money over time but, the right credit card can yield benefits beyond the savings found with lower monthly finance charges.  Card shoppers need to take the time to find the best credit card offer, and find a credit card that fits their budget and financial demands.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market to help find the best credit card rates on a card that suit their needs.  Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Best Credit Card Rates in Mid-Summer Holding Firm

Uncertainty about the current and future course of the U.S. economy is holding consumer interest rates and bond rates in a very narrow range.  Range bound domestic interest rates are, in turn, holding credit card rates constant.

Strong job growth has led many economists to forecast higher rates in the near future but the jobs data has been consistently countered by weaker data in other aspects of the economy.  Business investments are down, housing growth has been lackluster if not altogether absent, and inflation has held at historically low levels.  Until more segments of the economy show upside promise, the Federal Reserve is unlikely to be proactive and push interest rates higher.

Based on the most recent survey of consumer credit card rates conducted by BestCreditCardRates.com, the average consumer credit card rate for new card offers didn’t change meaningfully from the last survey.  The average consumer credit card rate for the month of July moved by less one basis point or 1/100th of a percent holding at an average rate of 13.72%.

Rates offered within the seven main categories of credit card types prompted by the major card issuers displayed some rate changes individually but, the changes were both to the up side and down side and failed to move the average interest rate offered in aggregate.

Reward credit card rates jumped in the last survey to 12.70%.  The rate on secured credit cards also moved higher to an average of 20.35%.  These rate increases were offset by a dip in student credit card rates which dropped down to 14.16%.  All other credit card rates remained flat since the last survey by conducted by BestCreditCardRates.com.

Average national credit card rate: 13.72%

Average low rate credit card rate: 11.09%
Average cash back credit card rate: 12.86%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.35%

The BestCreditCardRates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The most recent survey covers more than 50 credit cards from the leading credit card companies including; Chase Bank, American Express, Capital One, Citi, Discover, HSBC, PNC Bank, U.S. Bank, Wells Fargo, and more.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market to help find the best credit card rates on a card that suit their needs.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Consumer Credit Card Rates Remain Stubborn as Summer Gets Underway

With no change in U.S. monetary policy, consumer credit card rates are holding firm going into the summer months.  As yet another series of conflicting economic data gets digested by the market, the Fed has already drawn their own conclusion on what the latest round of economic data points mean.  The Fed has once again decided to hold tight on current monetary policy without raising interest rates.

Bear in mind, changes to the federal funds rate can have wide-ranging effects on economic activity and the amount of consumer lending and therefore, actions by the Federal Reserve is closely watched by the market.

After all the fuss regarding the future course of interest rates and the projections on the direction of the U.S. economy subsided, the average consumer credit card rate at the end of June remained unchanged at 13.72%.  Without an increase in the fed funds rates by the Fed, the prime rate offered by the major banks in the U.S. also held firm.  No changes in Fed policy followed by an unmoving prime rate resulted in credit card interest rates holding steady.

Moreover, along with the national average credit card rate on new card offers, almost all categories of credit card offers were unchanged in the latest survey of credit card rates conducted by Bestcreditcardrates.com.

The average rate found on low rate credit cards, student credit cards, cash back credit cards, business credit cards, balance transfer credit cards, and secured credit cards were unchanged in the recent survey.  Travel rewards credit card rates ticked up modestly but did not move the needle on the average overall consumer rate.

Average national credit card rate: 13.72%

Average low rate credit card rate: 11.09%
Average cash back credit card rate: 12.86%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.17%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The most recent survey covers more than 50 credit cards from the leading credit card companies.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market and find the best credit card rates to suit their needs.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Small Uptick in Credit Card Rates at End of Summer

The average interest rate on new credit card offers made a very slight move to the upside as the summer months drew to a close.  Based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com, the average consumer credit card rate for the month of August moved up to 13.72%.  Data taken from the current rate survey shows the average rate on new card offers is just one basis point or .01% higher over the previous survey results.

Predictions over the course of consumer interest rates have run amok recently.  A number of economists believe the Federal Reserve will be making moves in the immediate future to raise short term interest rates, giving a shock to consumer borrowing.  Once the Fed increases the fed funds rate target, the main monetary tool used by the Fed, consumer loan rates will surely follow.  If the increase made by the Fed is mild, the Prime Rate may not move up immediately, as is often the case when the fed fund rates advances.

Whether or not the Fed raises rates before year end may not be material to credit card borrowers and new credit card applicants however.  Credit card rates have become almost entirely variable rate driven products.  When interest rates rise, especially short term rates, so will the rates on most all credit card accounts as the vast majority are based on the same underlying rate index, the Prime Rate.

Any prospective rate increases will certainly impact credit card holders that carry a balance month to month but, unless those borrowers intend to pay off their accounts, all variable credit card rates will rise together regardless of the card type or card issuer.  Variable rate credit cards at Chase, Discover, Bank of America and other major issuers are predominantly based on the Prime Rate plus a margin such as the Prime plus six percent.  When rates rise, it is not the margin that will rise but the Prime Rate.  All cards at Chase, Bank of America, CIT, and similar companies, that are variable rate accounts, will rise by the same amount as the Prime Rate rises.

Unless a credit card borrower switches to a fixed rate credit card, the only savings to be had once the Fed strikes is to find a low rate credit card that has a lower margin over the Prime Rate.

In the latest credit card rate survey, the most widely held credit cards showed no change in the rates that were offered, with only a few cards moving the national average rate higher.  Rate increase were seen on new cash back credit card offers and low rate credit card offers.  Rates on balance transfer cards, travel rewards credit cards, student credit cards, and business credit cards were unchanged in this survey

Average national credit card rate: 13.72%

Average low rate credit card rate: 11.09%
Average cash back credit card rate: 12.86%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.17%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The most recent survey covers more than 50 credit cards from the leading credit card companies for the month of August, 2015.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market and find the best credit card rates to suit their needs.  Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Credit Card Rates Once Again Holding Firm

The average credit card rate on new card offers in the month July moved back in the direction of the established trend for the year.  The trend in consumer credit card rates for 2015 has been one of idleness, rates have held in very tight range for seven months.  After rising slightly in the month of June, consumer credit card rates were virtually unchanged in the month of July.

While rate stability is generally welcome among new borrowers, it does fly in the face of lower interest rates that have been passed through the banking system for most lending and savings products.  Credit card rates have basically stayed anchored while other rates have moved with the market, with a general downward bias through the year.

The stability in credit card rates found in the most recent survey does not mean that all credit cards were entirely flat.  Some credit card rates moved marginally higher and lower within the seven different credit card categories evaluated in the Bestcreditcardrates.com credit card rate survey.

Credit card rates in the travel rewards category moved higher by one basis point to an average rate of 12.70%.  The average rate in the consumer business card category was lower by one basis point to 12.57%.  Low rate credit card offers, cash back credit card offers, balance transfer cards, student credit cards, and secured credit card offers all remained stable in the current survey.  The average rate for all card categories came in at 13.71%, unchanged from the June survey.

Average national credit card rate: 13.71%

Average low rate credit card rate: 11.08%
Average cash back credit card rate: 12.85%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.17%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The most recent survey covered more than 50 credit cards from the leading credit card companies for the month of July, 2015.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market and find the best credit card rates to suit their needs.  Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Credit card offers reviewed in the survey include many large and small credit card issuers including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and many more.  More inforamtion about the survey data and credit card rates can be found at: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Small Rise in Credit Card Rates

Credit card rates increased marginally in the month of June due to minor changes in some low rate credit card offers.  For the most part, the average rate on new credit card offers have continued their run of stability that has been in place throughout the year.  The primary reasons for the rate stagnation have changed little over the past few months or even the past few quarters, for that matter. 

Credit card rates remain in a state of suspended animation due to the Federal Reserve’s posturing and waiting to find the right moment to increase short term interest rates, the unchanging Prime Rate which hasn’t moved in years, a dearth of new credit card products hitting the market, and concerns about slowing economic growth in the U.S. and abroad.

Based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com, the average for all new consumer credit card offers ticked up by just one basis point, rising to 13.71% from 13.70% in the previous survey.  Most credit card rates held steady in June, with one change in low rate credit card offers pushing the average higher.

Of the seven categories of credit card types evaluated in the rate survey, just one category showed a rate change while the other categories remained unaltered.  Low rate credit card climbed higher by two basis points or .02% to an average rate offer of 11.08%.  Cash back credit card rates, balance transfer credit card rates, student credit card rates, consumer business credit card rates, travel rewards credit card rates, and secured credit card rates were unchanged in the survey.

Interest rates in general, and credit card rates specifically, may not stay this low for very long as the Fed has been beating the drum about a pending rate hike with the intention of bringing the interest rate market back to some level of normality.  Short term rates have already moved modestly higher either in anticipation of a rate increase or due to an increase in demand for funds.  Regardless of the reason, new credit card shoppers should be particularly prudent about their credit card selection with special attention to the interest rate and fees.

Average national credit card rate: 13.71%

Average low rate credit card rate: 11.08%
Average cash back credit card rate: 12.85%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.17%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The most recent survey covered more than 50 credit cards from the leading credit card companies for the month of June, 2015.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market and find the best credit card rates to suit their needs.  Please review individual card issuer’s online application for details including current credit card rates, terms, and conditions before applying for a new card.

Credit card offers reviewed in the survey include many large and small credit card issuers including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and many more.

When the Fed Raises Rates Your Credit Card Bill Will Go Up Too

Credit card holders that frequently hold a balance on their credit card may be in for a payment surprise this year.  Monthly payments on most credit cards are likely to increase within the year after the Federal Reserve Board adjusts the target range they set for the fed funds rate.  A rate increase by the Fed is widely expected to come before year’s end as the Fed normalizes or adjusts monetary policy based on the current economic environment.

While an increase in the fed funds rate is not going to boost credit card payments by itself, changes to the fed funds rate is almost sure to produce a rise in the prime rate.  The prime rate is a key lending rate that determines the rates set on a number of different consumer loan products including most credit card rates.  When the prime rate moves up so will monthly payments on consumer credit cards that have balances and payments based on the prime rate.

The federal funds rate and the prime rate are entirely separate rates established by different entities, one being influenced by the Federal Reserve Board and monetary policy and the other set by the market actions of independent banks.  Most major banks however will set their prime rate at a level that is just above the federal funds rate. 

The level of the prime rate quoted by a given bank depends on the bank’s costs, including its operating costs and its cost of funds.  The bank’s costs of funds are heavily dependent on the overall level of market interest rates.  Changes to the prime rate reflect the competitive circumstances in the market and when the Fed pushes the fed funds target rate higher, the cost of funds to banks will rise leading to an increase in their loan rates, including the prime rate. 

Whenever the Fed makes a change to the fed funds target rate, most banks will alter their prime rate within a short period of time of the Fed announcement.  Throughout 2015, the average bank prime rate remained unchanged at 3.25 percent.  In fact, the last time the prime rate was above 3.25% was back in 2008.  However, the prime rate is expected to change before this year comes to a close when the Fed changes monetary policy and raises the target for the fed funds rate. 

The ripple effect of the fed fund change will be felt by a number of borrowers as the prime rate adjusts and interest rates rise across a wide spectrum of loan products.  Credit card holders however, may see the swiftest changes to their borrowing costs once the prime rate moves.  Credit card agreements allow for quick payment adjustments if the credit card interest rate on a card is based on a variable rate.  And in today’s market the vast majority of credit cards have variable interest rates.

Credit Card Rates Remain Suspended

The rise in the overall average interest rate on most interest bearing securities that has surfaced in the markets recently has not made its way into the credit card market.  Changes in Treasury rates, mortgages rates and other market based interest rates have had no effect on credit card rates in May.  The average credit card rate tracked by Bestcreditcardrates.com in the current survey did not change during the month of May.

Rates on credit cards have all but stood still while many bank lending rates have risen as a result of an improving U.S. economy.  As the economy has shown evidence of strength, predominantly through a stronger jobs market, pressure on interest rates has mounted.  Rising rates have been a result of expectations that the Fed will be increasing rates and increased loan demand will naturally drive bank rates higher.  But these pressures have not moved credit card rates skyward, yet.

For now, consumers can continue to enjoy relative rate stability.  There is, of course, a real possibility of higher rates in the months ahead looks likely as the Fed ponders a more normal monetary policy position by pushing the fed fund target interest rate higher.  A higher fed funds rate is likely to lead to a higher prime rate, the most popular pricing index for credit card rates.

Based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com, the average rate on new credit card offers remained at 13.70%.  Only one category of credit cards, out of the seven credit card categories evaluated in the survey, saw a rate change at the end of May.  Travel rewards credit cards experienced a mild uptick of one basis point, 0.01%, to 12.69%.

Average national credit card rate: 13.70%

Average low rate credit card rate: 11.06%
Average cash back credit card rate: 12.85%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.17%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The most recent survey covered more than 50 credit cards from the leading credit card companies for the month of May, 2015.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

Credit card offers reviewed in the survey include many large and small credit card issuers including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and many more.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market and find the best credit card rates to suit their needs.

Credit Card Rates Tick Higher While the Rest of the Market is on Pause

Credit card rates increased marginally across all consumer credit card categories in the month of February.  The increases found on the best credit card rates were relatively mild having a small et impact on costs for new credit card users and account holders.  However, as credit card rates inched higher, borrowing costs have become cheaper on most other consumer loan accounts as the rest of the interest rate market moved lower.

From Jan 1, 2015 through the first week of February, the five year Treasury note dropped by almost 1/4 of a percent, falling from 1.61 percent to 1.48 percent.  The ten year Treasury bond made a similar move, dropping from 2.12 percent to 1.95 percent.   Meanwhile, credit card rates crawled higher with the average credit card rate climbing two basis points or .02 percent.  Based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com, the average consumer credit card rates was lifted to 13.70 percent.

The increase in credit card rates is even more surprising considering the drop in inflation over the past few months and the bountiful profits earned by the largest credit card issuers.  Profits are up due to the low cost of funds enjoyed by the credit card companies, the low default rates on credit card accounts and the high rates charged to consumers.

With credit card account default statistics falling and costs of funds also falling this would be the right time for credit card issuers to reduce rates.  Alas, the credit card companies are not terribly concerned about consumers only their oversized profit margins and if the opportunity presents itself to stretch those margins wider by raising rates, that’s just what they will do or, more accurately, have done.

The rate changes in the current credit card rate survey included increases in the low credit card rate category, cash back credit cards, student credit cards and travel rewards credit cards

Average national credit card rate: 13.70%

Average low rate credit card rate: 11.06%
 Average cash back credit card rate: 12.85%
 Average balance transfer credit card rate 12.38%
 Average student credit card rate: 14.17%
 Average rate on business credit cards: 12.58%
 Average travel rewards credit card rate: 12.68%
 Average secured credit card rate: 20.34%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The national average credit card rate includes the rates surveyed in all seven categories of credit cards.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

Credit card offers reviewed in the survey include many large and small credit card issuers including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and many more. 

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Hasta La Vista AmEx, Hello to the Citi and Visa

Citigroup and Visa are the big winners in the recent Costco credit card switch-a-roo.  Citigroup credit cards are now set to replace Am Ex at all U.S. based Costco retail centers.  Costco had been in a co-branding credit card relationship with American Express.  In fact, the relationship lasted for over 15 years.  During that time, the retailer was accepting only Amex cards and debit cards for purchases made in Costco stores.  Now, Costco has said hasta la vista, baby to American Express and hello to the Citi and Visa.

The credit card agreement starts next year, 2016.  Once the new agreement is in place, Costco will accept all Visa cards and will have a specific arrangement with Citi for a co-branded card similar to the TrueEarnings Card from Costco and American Express.  The changing payment relationship at Costco is still far from the standard with large retailers.  Most large stores that handle Visa credit card payments also accept MasterCard credit cards.

While the average Joe or consumer may not care much about the changes to the credit cards that may or may not be accepted by Costco, the dollars at stake are quite large.  Costco is the third largest retailer in the nation, behind Wal-Mart but ahead of other large operations such as Target, Home Depot, and Macy’s.  According to numbers released by American Express, Costco card use represented approximately eight percent of the credit card business for the company last year.

Until the change kicks in next year, Costco will continue to accept American Express credit cards for in store and online transactions.  Once issued, Costco’s co-brand Visa credit card will provide rewards to Costco members, serve as the Costco membership card, and would be accepted at Costco locations in the United States and Puerto Rico, as well as all merchants worldwide that accept Visa credit cards.  Based on press releases from the retailer, Costco will provide its members with additional information in the coming months regarding the anticipated transition from its existing co-brand credit card program.

Interest Rates Drop Credit Card Rates Remain Unchanged

Credit card issuers have ignored the markets once again.  This has been a perennial story for 2014.  Interest rates dip and credit card rates keep marching on.  Mortgage rates have been cut, Treasury rates have fallen, new car loan rates have knocked down to the floor, yet credit card rates barely budge.  Maybe the expectation that credit card issuers should offer rates and costs that are more in line with the market is an expectation that is simply unrealistic.

At the close of 2014, the average credit card rate on new credit cards offered to consumers was 13.68 percent.  This is the same rates as found on new credit card offers in the previous rate survey.

The major credit card companies haven’t initiated a significant rate change on new credit card offers in over two months.  From a business perspective stability is good.  However, consumers are getting the short end of the stick.  While credit card rates have held steady, other rates have tumbled.  From September 30 to the middle of December, the 10 year Treasury bond rate has dropped from 2.52 percent to 2.07 percent or a rate drop of almost one half of a percent.  Credit card shoppers have not been the beneficiary of any such reduction as rates have stayed at the same lofty levels during this time.

Average national credit card rate: 13.68%

Average low rate credit card rate: 11.05%
 Average cash back credit card rate: 12.84%
 Average balance transfer credit card rate 12.38%
 Average student credit card rate: 14.15%
 Average rate on business credit cards: 12.58%
 Average travel rewards credit card rate: 12.65%
 Average secured credit card rate: 20.34%

The Bestcreditcardrates.com credit card rate survey measures the best credit card rates offered on dozens of credit cards promoted by the leading credit card companies.  The national average credit card rate includes the rates surveyed in all seven categories of credit cards.  The Annual Percentage Rates displayed do not include promotional credit card rates or short term teaser rates.

Credit card offers reviewed in the survey include many large and small credit card issuers including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and many more. 

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Signing Bonus vs Credit Card Rewards

Making a comparison between getting a new credit card with a credit card rewards program such as cash back rewards or airline miles and a credit card that has a onetime signing bonus is an easy one.  Choose the credit card with the signing bonus.

The credit card market is filled with credit card rewards offers.  Standard credit card rewards cover a wide range of offers from cards that earn one percent on qualifying purchases on up to five percent in select cases.  If a card holder uses a credit card with a 1.5 percent rewards program they will earn just $7.50 every $500.00 in qualifying purchases they make.  That’s right, just under eight whole dollars in cash back or $90.00 a year for spending $500.00 a month or $6,000.00 a year.

Now look at the rate of return offered on a new signing bonus.

Credit card signing bonuses also come with a variety of returns and rewards.  Bonuses can range from $100.00 on up to $400.00 depending on the credit card, the terms and the purchase requirements.  Higher bonuses are generally reserved for higher spending amounts within a predetermined period of time after obtaining the card. 

If a credit card shopper chooses a card that has a smaller bonus and spending requirement they will find cards that offer a $150.00 bonus for spending $500.00 within the first three months of obtaining the card. 

That’s $150.00 for spending $500.00.  The 1.5 percent cash back offer requires $10,000.00 in spending to earn the same cash equivalent.  New card shoppers that are willing to spend a few thousand dollars at the onset of getting a new card can earn and even larger signing bonus.  In addition to the initial signing bonus, cards with bonuses can also be found that have ongoing rewards programs.

The bottom line, the signing bonus is becoming a big deal when it comes down to comparing new credit card offers.

The Best Balance Transfer Credit Cards with No Fee and 0%

A great balance transfer credit card offer is one that has no fee for making the transfer and a low or zero percent interest rate for that transfer.  Unfortunately, there are very few cards on the market that meets these requirements. 

For most consumers that are shopping for the best balance transfer credit card that has the right combination of low introductory balance transfer rate with a prolonged introductory rate period and no balance transfer fee, the popular personal finance web sites do not do the job.  These sites generally promote credit cards where these is a financial relationship with the credit card issuers they are referring to.  These financial relationships with the credit card issuers lead to advice and reviews that are less than ideal or beneficial for consumers.

The survey of credit cards performed by Bestcreditcardrates.com, evaluates all cards based on their terms and conditions without a relationship with the issuers or a monetary interest in the credit card offers. 

Currently, there are two credit cards in the survey that have balance transfer terms with low rates for an extended period of time and no balance transfer fees.  These are the best cards for consumers shopping for a new balance transfer card and they have terms that will appeal to a wide variety of needs including consumers that have vastly different credit scores.

Chase Slate Credit Card

 chase slate

The Chase Slate credit card has no balance transfer fee for fist 60 days after card approval.  This Chase credit card has a 0% introductory APR on both balance transfers and purchases for 15 months.  After the introductory rate period ends, the variable APR will be 12.99%, 17.99% or 22.99% depending on the credit profile of the applicant.  The Slate card has no annual fee.

This credit card is marketed primarily to consumers with good or excellent credit.  The Chase card does not have a rewards program or other measurable perks but it does have the best combination of low rates and fees making the best balance transfer credit card available today.

Capital One QuicksilverOne Rewards Card

 CapOne QuickSilver

The QuicksilverOne Rewards credit card has no balance transfer fee.  The credit card rate for balance transfers is 0% until September 2015.  The APR for balance transfers rises to 22.9% variable after the introductory rate expires.  There is a $39.00 annual fee with this Capital One credit card. 

This is a rewards credit cards that allows cardholders to earn unlimited 1.5% cash back on purchases.  The credit card is marketed by Cap One as one geared towards consumers with average credit. 

By choosing the right no fee balance credit card with a 0% APR, new cardholders can reduce their interest rate charges and cut their credit card balances quickly.

The offers that are listed above are from companies that did not compensate Bestcreditcardrates.com for the review or the information listed.  Bestcreditcardrates.com is not compensated by the issuers should a consumer chose one of these credit cards.

Store Credit Card Rates Survey November 2014

New store credit card offers come with more rewards and perks than usual as the holidays approach and retail spending kicks into high gear.  Unfortunately, the credit card rates attached to these offers remain elevated with very few discounts and promotional rates available.

The interest rate charged on new store credit card offers remained in the low 20’s through the month of November, 2014.  According to the most recent survey of store branded credit cards conducted by Bestcreditcardrates.com, the average APR for store branded credit cards is 23.23 percent.

Store credit card rates have not changed by any significant amounts since the last survey was performed however, the most recent survey does show that many retailers have expanded their promotional offers regarding discounts and rewards that are made available to store credit card users.  Common discounts and rewards include immediate discounts of 10 to 20 percent on purchases made when a new store credit card is utilized.

Introductory rate offers are not terribly abundant with new store cards.  One reason for the lack of low rate offers is profitability.  Store branded cards are not nearly as profitable as the major bank issued credit cards are.  It therefore, behooves the retailers to entice credit card users to spend more at their stores by issuing coupons and discounts to generate profits through merchandise sales as opposed to low interest rates that may generate long term credit card profits.

Almost all of the credit cards offered by retailers in the most recent survey are variable rate cards.  These credit cards have adjustable rate that is based on an index plus a preset margin or amount that is added to the index.  The index for all of the variable interest rate store credit cards is the Prime Rate, which is currently 3.25 percent and has been at the figure throughout 2014.

In contrast to the major bank issued credit cards, the majority of store credit cards have one interest rate or APR for purchases made with the cards.  The major bank issued credit cards generally offer cards that are priced based on a tier or range of interest rates depending on the credit profile or credit worthiness of the applicant.  Less than one third of store credit cards have a tiered pricing system to determine the actual APR applied top purchase transactions.

The survey of store branded credit cards conducted by Bestcreditcardrates.com has data on the types of cards issued per retailer, the APRs charged by transaction, introductory rate offers when available, the late payment fees and related charges, and the card issuer.

Best Holiday Credit Card Offers

The holiday season has arrived.  The holiday season means all sorts of festive and happy moments along with the greatest amount of consumer spending during one period.   This makes it a great time to review the latest holiday credit card offers.  Credit card offers that include sign up bonuses, cash back, and other rewards when you get a new credit card.

Some of the best holiday credit card offers provide juts the right incentive with the added reward programs and bonuses.   Many of the holiday credit card offers also include low rate or zero rate introductory credit card rates on top of the other perks.  In some cases however, the interest rates is not the compelling feature.  These cards can be used as one time, holiday spending tools and discarded or stuffed in our purse or wallet until the next best deal comes along.

chase freedom

Chase Freedom Card
The Chase Freedom Card is currently running one of the best overall holiday promotions for new card holders.  Second best really pales in comparison to the current Chase Freedom offer.

For a limited time, new card holders can earn a $200.00 bonus after they spend just $500.00 on purchases in their first 3 months from account opening.  Card holders can earn another $25.00 bonus when they add an authorized user and make their first purchase within the same 3 month period.

The card also offers 5% cash back on up to $1,500.00 in combined purchases in bonus categories each quarter and unlimited 1% cash back on all other purchases.  The 5% cash back bonus category for October through December includes purchases at Amazon.com, Zappos.com, and select department stores.

Lets add it up:  Get the Freedom Card, spend $300.00 on Target gift cards on Friday ( Target is offering 10% off gift card purchases for a limited time), add your spouse or grandma as authorized user to get $25.00 bonus, spend an additional $230.00 on Amazon.com to get a combined total purchase amount of $500.00 and earn the $200.00 bonus.

What You Get:
$225.00 in bonuses for card use and authorized user
$11.50 cash back on Amazon purchase
$3.00 for Target gift card purchase
Total rewards $239.50
Additional bonus of $30.00 with gift card at Target
That’s $269.50 in bonuses for spending $500.00.  Bonuses that are pretty much ubiquitous, Target gift cards are good for all their merchandise and Amazon is a universal low cost seller of products.

The $500.00 can be paid off over 15 months with no interest charges and there is no annual fee to hold the card or make the transactions.

bankamericard-cash-rewards-credit-card-small

BankAmericard Cash Rewards™ Credit Card
The BankAmericard Cash Rewards™ Credit Card is offering a $100.00 cash rewards bonus after the card holder spends at least $500.00 on purchases in the first 90 days of account opening.  There is no annual fee.

The ongoing cash rewards program for this Bank America credit card is 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery store and gas purchases each quarter.  There are no changing categories and your rewards do not expire.

Bank of America customers also get a 10% bonus every time they redeem cash back into a Bank of America® checking account or savings account.

The credit card has a 0% introductory APR for 12 billing cycles for purchases and for any balance transfers made in the first 60 days.
The Freedom card also offers a 0% introductory APR for 15 months on purchases and balance transfers and no annual fee.

ca_ThankYou_Preferred_229

Citi® ThankYou® Preferred Card
The Citi ThankYou Preferred Card has a nice sign up bonus for larger holiday purchase amounts.  Card holders can earn 20,000 bonus reward points after making $1,500.00 in qualifying purchases within three months of account opening.  The reward points are redeemable for $200.00 in gift cards.

There is no annual fee with this Citi credit card.  There is an introductory 0% introductory credit card rates for purchases and balance transfers for 12 months.

The ongoing rewards program on the card allows card holders to earn two points per dollar spent on purchases for dining at restaurants and entertainment and one point per $1.00 spent on other purchases.  Points do not expire and card holders can earn unlimited points.
Additional terms and conditions may apply to all credit card offers.  Before applying for a new credit card, verify the credit card terms and conditions.  All information is believed to be reliable however, the terms may have changed since this publication date and the accuracy is not guaranteed.  Bestcreditcardrates.com receives no compensation from the credit card companies if and when a consumer applies for a new credit card.

More information on the Target promotion can be found at, Target Black Friday Gift Card.

Credit Card Rates Tip Toe Lower, Finally

Credit card rates were trimmed back for the month of September based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com.  The average credit card found on consumer credit cards was cut to 13.68 percent from an average interest rate of 13.69 percent in the month of August.

Rate reductions in the consumer credit market place were seen on cash back credit cards, secured credit cards, and student credit cards.  The rate reductions in these categories were partially offset by an increase in interest rates attached to low rate credit cards.  Balance transfer credit card rates, small business credit card rates, and travel rewards credit card rates were all unchanged from the previous month.

Low charge off rates for credit card companies and increased credit card usage by consumers in 2014 has had little impact on credit card rates.  All of the major credit card issuers have seen a dip in delinquency rates in 2014 including the credit cards offered by Bank of America, Chase credit cards, Capital One cards, Citibank credit cards, and the credit cards at Discover. 

The low delinquency rates combined with increased card use and a low interest rate environment has been the perfect storm for credit card companies.  A perfect storm for windfall profits that is.  By keeping credit card rates elevated relative to the overall interest rate market, credit card business has quickly become a very profitable segment of the banking industry once again.  Unfortunately, credit card company profits have not translated into lower credit card rates for consumers.

The Bestcreditcardrates.com survey completed on September 22, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.68%

Average low rate credit card rate: 11.05%
 Average cash back credit card rate: 12.84%
 Average balance transfer credit card rate 12.38%
 Average student credit card rate: 14.15%
 Average rate on business credit cards: 12.58%
 Average travel rewards credit card rate: 12.65%
 Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards promoted by the leading credit card companies.  Credit card offers evaluated in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and many more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Best Credit Cards for International Travel November 2014

Finding the best credit for international travel can be a little tricky and often requires a bit more research than simply finding a credit card for everyday use.  International travelers need to consider the costs of the credit card, the benefits offered, and the acceptability of the card selected. 

When it comes to the credit card costs, travelers need to assess the credit card interest rate, the transactions fees for foreign transactions, and any annual fees that might be levied for having the card.

All travel reward cards offer some sort of rewards programs and these rewards programs can vary significantly from one card to another.  General travel reward cards, hotel credit cards and airline credit cards let card holders earn reward points whenever they make purchases with the cards.  Typically, the credit card holder can expect to earn 1 or 2 points for every dollar spent using one of the travel reward cards.

A number of top international travel credit cards have high annual fees.  These cards can still be a very good choice for a select group of travelers, specifically those travelers that spend a significant amount of money and time on international travel.  However, most travelers will find that with the abundance of choices among the no annual fee cards there are plenty of cards that will meet their credit card travel needs with lower costs.

Bank of America

Bank of America has one of the top rated travel rewards credit cards with low costs for international travel that offers a fair rewards programs and a new sign up bonus.

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The Bank Americard Travel Rewards card has no annual fee and no foreign transaction fees, keeping costs low and simple for foreign travel.  The card also has an introductory credit card rater of zero percent on new purchases for the first 12 billing cycles making this one of the least costly international travel credit cards.

The card has the latest chip technology for enhanced security and protection when making purchases at chip-enabled terminals.  The rewards programs allows card holders to earn 1.5 points for every $1.00 spent on purchases and travel anywhere, any time with no blackout dates.  New card holders that use the card to make $500.00 in purchases in the first 90 days, will earn a bonus of 10,000 points that can be redeemed for a $100.00 statement credit.

Andrews Federal

The little known, Andrews Federal VISA credit card offers low costs, competitive interest rates, and terrific benefits for international travelers.

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The Andrews Federal GlobeTrek Visa® Rewards Card works anywhere Visa® is accepted and has the latest magnetic strip and integrated microchip security technology.  This card has no foreign transaction fees, annual fees, cash advance fees, or balance transfer fees.  The Andrews Federal VISA card has a 1.90% APR introductory rate for the first 9 months on all purchases and balance transfers.  The reward program pays one point for every dollar the card holder spends.  New card holders can earn 5000 rewards points with their first purchase.

Obtaining a credit card from Andrews Federal Credit Union requires membership in the credit union.  Membership can be obtained a number of ways including by becoming a member of the American Consumer Council which requires a $5.00 contribution to join.

PenFed

The PenFed Premium Travel Rewards American Express® Card is another top travel rewards credit card that does not get a lot of attention but is a top travel card with low costs and added benefits.

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The PenFed Credit Union travel rewards credit card has no annual fee and no foreign transaction fees.  The current APR for purchases with this card is 9.99% and will vary with the market based on the Prime Rate.  The card has chip enabled technology for added security.  The rewards program allows users to earn 5 points on airfare purchases and 1 point on all other purchases.  New card holders can earn 20,000 bonus points when they spend $2,500.00 within the first 3 months of opening the card account.

To obtain a PenFed credit card, applicants must be members of the credit union.  Consumers may be eligible for PenFed membership through employment, association membership, or volunteerism including joining organizations such as the Voices for America’s Troops that requires a onetime payment or dues of $14.00.

Capital One

Capital One has a few credit cards that have some of the least expensive cards for international travel with good rewards packages but relatively high interest rates. 

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The Capital One® Venture® Rewards credit card is a solid card from Cap One.  The Venture® Rewards card allows card holders to earn 2 miles for every $1.00 spent on all purchases.  Card holders can earn unlimited miles that don’t expire and fly anytime, on any airline, without any blackout dates.  There are no foreign transaction fees and the annual fee is just $59.00, which is waived for the first year.  In addition, new card holders can earn a onetime bonus of 40,000 miles once they spend $3,000.00 on purchases within the first 3 months.

Survey of Credit Card Foreign Exchange Rates October 2014

Using a credit card with a low foreign exchange rate and foreign exchange fee is essential to keep credit card charges low when traveling in a foreign country.  A foreign transaction fee is a fee that is assessed by most credit card companies on purchases that are made using a foreign currency.

A number of credit cards have no fee for foreign exchange transactions however; the vast majority of credit cards on the market today charge a foreign exchange fee.  Approximately 75 percent (72.7%) of all credit cards charge a foreign transaction fee.

The top ten credit card issuers in the U.S offer 154 different consumer credit cards.  The average foreign exchange rate across all available credit cards is 2.018 percent.

Here’s how the big ten credit card issuers stack up in the latest survey of credit card foreign exchange rates conducted by Bestcreditcardrates.com in October 2014:

American Express
The average foreign exchange transaction fee on American Express cards is 2.222 percent.
American Express offers 17 different consumer credit cards.  Three cards offered by the card issuer have no foreign exchange fee and the remaining 14 have a fee of 2.70 percent.

Chase
Chase offers 15 different consumer credit cards.  The average fee for a foreign exchange transaction with Chase is 1.20 percent.  Nine different Chasse credit cards have no foreign transaction fee and six cards have a fee of 3.0 percent.

Bank of America
Bank of America offers 21 consumer credit cards with an average foreign exchange transaction fee of 2.285 percent.  The majority of the B of A credit cards, 15, have a fee of 3.0 percent.  One credit card offered by Bank of America has an exchange fee of 2.0 percent, two credit cards have a fee of 1.0 percent, and three credit cards have no foreign exchange fee.

Citibank
Citibank offers 17 different consumer credit cards.  12 Citibank credit cards have a 3.00 exchange fee and five cards have no fee.

Capital One
Capital One offers 9 different consumer credit cards.  All Capital One credit cards have no foreign transaction fees.

Discover
Discover offers two credit cards.  Discover does not charge a foreign exchange fee on their credit cards.

US Bank
US Bank offers 32 credit cards.  25 cards offered by US Bank charge a fee of 3% for each foreign purchase transaction or foreign ATM advance transaction in a foreign currency.  5 cards have a fee of 2.8% for each foreign transaction and two credit cards have no fee.

Wells Fargo
Wells Fargo offers 11 credit cards.  Nine Wells Fargo credit cards have a 3 percent fee for each transaction converted to U.S. dollars.  Two credit cards offered by the bank have no fee.

USAA
USAA offers 6 credit cards.   All 6 credit cards available through USAA have a 1 percent fee for each transaction in U.S. dollars.

Barclays
Barclays offers 24 consumer credit cards.  16 credit cards promoted by Barclays charge a fee of 3% for each transaction in U.S. dollars.  One credit card at the bank has a fee of 1% of each transaction in U.S. dollars.  Barclays has 7 credit cards that have no fee for foreign transactions.

A list of some of the best credit cards with low foreign exchange fees can be reviewed here

Best Credit Card Foreign Exchange Rates October 2014

Credit cards used for purchases, reservations, and other transactions when travelling abroad provide a number of convenient services in addition to payment protection.  Unfortunately, making purchases and other financial transactions in a foreign country is often more costly due to currency conversions, credit card surcharge fees, and related expenses.  By selecting the credit card that has the lowest foreign exchange costs, credit card users can travel and shop with confidence knowing their costs are not going to shoot through the roof.

Over 70% of all credit card issuers charge foreign usage fees, which inflate the cost of any transaction processed outside the United States in a foreign currency.  Fortunately, there are credit cards that have no foreign transaction fees making them perfectly suited for overseas spending.

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Capital One has no foreign transaction fees on all of the credit cards they currently offer.  Frequent foreign travelers can select from a variety of cards including the low rate, Platinum Prestige card or one of the card offered by Capital One that earns travel rewards such as the Venture® Rewards and VentureOne® Rewards cards.

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Barclays has several credit cards that do not have a foreign transaction fee.  The Barclaycard Arrival™ World MasterCard is a rewards card that offers a sign up bonus, no annual fee, and travel rewards.  Additional, no transaction fee cards from Barclays includes the Barclaycard Arrival Plus™ World Elite MasterCard, Carnival World MasterCard, Hawaiian Airlines® World Elite MasterCard®, Holland America Line Rewards Visa Card, Lufthansa Miles & More® Premier World MasterCard, Princess Cruises Rewards Visa Card

citi

Citibank has five credit cards that have no foreign transaction fee including the Citi® ThankYou® Premier Card, Citi Prestige® Card, Citi® / AAdvantage® Executive, EXPEDIA®+ VOYAGER CARD from Citi, and Citi® Hilton HHonorsTM Reserve Card.  The EXPEDIA®+ VOYAGER CARD from Citi is a new roll out that offers fairly low rates, a new sign up bonus, and reward points for travel.

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The majority of Wells Fargo credit cards charge a foreign transaction fee of 3 percent however, the Wells Fargo Propel World American Express and Wells Fargo Propel 365 American Express® Card both have competitive rates, offer travel rewards points, and have no foreign transaction fee.

us bank

Most US Bank credit cards charge a foreign transaction fee except the FlexPerks Travel Rewards Visa Signature card and the SKYPASS Visa Signature Card.  Both cards are travel rewards credit cards with modest annual fees.

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Chase has a fairly wide selection of rewards credit cards that charge no foreign transaction fee.  Chase credit cards that have no transaction fee include the Chase Sapphire Preferred® Card, Southwest Airlines®   Rapid Rewards®   Premier Card, United MileagePlus®   Explorer Card, United MileagePlus®   Club Card, British Airways Visa Signature®   Card, Marriott Rewards®   Premier Credit Card, The Ritz-Carlton Rewards®   Credit Card, IHG®   Rewards Club Select Credit Card, and the Hyatt Credit Card.

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American Express has four options when it comes to credit cards that are foreign transaction fee free.  The Platinum Card® from American Express, Gold Delta SkyMiles® Credit Card, Platinum Delta SkyMiles® Credit Card, and the Delta Reserve Credit Card from American Express are without fees.  American Express cards are widely accepted worldwide however, the annual fees with Am Ex can be on the step side.

Data on average credit card fees for foreign exchange transactions can be found at the recent Survey of Credit Card Foreign Exchange Rates.

Best Credit Card Bonuses October 2014

Credit card bonuses are the extra perks and rewards credit card companies offer to new card holders.  These bonuses are available on new promotions for new card holders only.

A number of bonuses that are currently available in the latest round of credit card promotions are quite generous.  For those consumers searching for a new credit card may find these added bonuses appealing enough to acquire one of these cards.

Chase Sapphire Preferred® Card

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The Chase Sapphire Preferred® Card provides a bonus in the form of 40,000 rewards points when a new account is opened and the account holder spends $3,000.00 on purchases within the first 3 months.

The bonus points are worth $500.00 in travel benefits when they are redeemed through Chase Ultimate Rewards.  Customers can also earn an additional 5,000 bonus points after the account holder adds an authorized user and makes a purchase in the first 3 months from account opening.

The standard reward points earning schedule for this Chase card is two points for each dollar of net purchases made on travel and dining at restaurants and 1 point per dollar spent on all other purchases.

The introductory annual fee is $0 the first year and $150.00 after that.   The variable rate APR for purchases is 15.99%, based on the Prime Rate.

Southwest Airlines Rapid Rewards Credit Card

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Southwest credit card rewards new account holders with 25,000 bonus points for after the account holder spends $1,000.00 on purchases in the first 3 months.

The standard reward points earning schedule for the Southwest credit card is two points for each dollar of net purchases spent on all Southwest Airlines® flights, all AirTran® Airways flights purchased directly with the airline and all Rapid Rewards Hotel and Car Rental Partner purchases.  Cardholders will also earn 1 point per dollar spent everywhere else including travel, groceries, monthly bills, and more.

Credit card shoppers can elect to apply for either the Rapid Rewards® Plus or Premier Card.  The cards are very similar except the Premier Card offers 6,000 additional points at the one year anniversary while the Plus Card earns 3,000 points on the anniversary date.

The Plus card has a $69.00 annual fee applied to the first billing statement while the Premier Card has a $99.00 applied to first billing statement.  Both cards have a variable rate 15.99% APR for purchase transactions that will vary with the market based on the Prime Rate.

Capital One® Venture® Rewards Credit Card

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With the Capital One® Venture® Rewards Credit Card, new accounts get a $0 intro annual fee for the first year plus the ability to earn 40,000 bonus miles.  This Capital One card lets new account holders earn a onetime bonus of 40,000 miles after spending $3,000.00 on purchases within the first 3 months of opening the account.

The standard rewards program allows account holders to earn 2 miles for each $1.00 spent on all net purchases.  The miles earned on the account don’t expire and there is no limit to the amount of miles that can be earned.  After the first year with no annual fee, the annual fee is $59.00.

The credit card APR is currently at 13.9%, 16.9% or 20.9%, based on the creditworthiness of the applicant.  The APR will vary with the market based on the Prime Rate.

Ink Bold® Business Charge Card

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One final card for consideration is the Ink Bold® Business Charge Card.  This small business card from Chase is offering 50,000 bonus points to new card holders that spend $5,000.00 in the first 3 months after the account is opened.  There is a $0 intro annual fee for the first year after which time the annual fee is $95.00

With this card, account holders can earn 5 points per $1.00 spent on the first $50,000.00 in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year as well as 2 points per $1.00 spent on the first $50,000.00 spent in combined purchases at gas stations and hotel accommodations and 1 point per $1.00 spent on all other purchases.

While this is a small business card, business card applications are handled similar to consumer credit cards and the account can be used for any type of business, even sole proprietorships.

Credit card new account bonuses offer some great rewards and can be used just for these added rewards or as credit card to use on a regular basis for everyday shopping and expenses.

Credit Card Rates Shift to the Right

Credit card companies danced around a bit with their promotional credit card offers over the past month but, the credit card rates tied to those offers remained firmly in place going into the month of August.  After modest, competitive forces among card issuers managed to tug interest rates down in the prior month, rates displayed no such competitive pressure this month and the national credit card held at 13.69 percent.

Interest rates across a wide spectrum of consumer loan products have oscillated about a very narrow band of rates this summer.  With very little changing in the short term credit market, the Fed Funds rate and the Prime Rate have shown hardly any volatility throughout the year, credit card companies have no real stimulus or catalyst forcing them to move the average rate or the rate tiers they offer from their current position.

For the first time in over a year, the national average rate was unchanged from month to month as were all individual credit card categories included the monthly credit card rate survey conducted by Bestcreditcardrates.com.  The national average rate stayed steadfast, at 13.69 percent, from the previous month as did the average rates promoted on low rate credit cards, cash back credit card, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards, and secured credit cards.

Unchanging interest rates may not be a headline grabber but there are some gloomy undertones that come with the current survey that may garner some added scrutiny.  If credit card rates are not moving during this current historically low rate interest rate environment, what is the likely outcome in the future when interest rates are anticipated to start climbing higher?

The Bestcreditcardrates.com survey completed on August 15, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.69%

Average low rate credit card rate: 11.04%
Average cash back credit card rate: 12.85%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.65%
Average secured credit card rate: 20.35%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Today’s Best Store Credit Cards October 2014

Store credit cards are often frowned upon by credit card review sites but contrary to their conclusions, these cards can be very useful for a number of consumers as they build credit and they can help save money when used prudently.

High interest rates on store branched credit cards is the biggest drawback with their use.  This problem is easily avoided by paying off the balance quickly or immediately after use.  The primary reason these cards are not recommended by most review sites is they have no vested interest or monetary reward for recommending the cards as opposed to the vast majority of the credit card issued by the major credit card companies that compensate sites for sending customers to their online applications.

Among the advantages of store branded credit cards are the ease of approval and store rewards.  Store credit cards are available to consumers with a wide range of credit histories from average to excellent.  A number of store branded credit cards have perks that provide discounts to the cardholder, special sales announcements and deals, and other rewards for cardholders.

Kohl’s Credit Card

The Kohl’s credit card has no annual fee.  This card offers an immediate 20 percent discount off the first day’s purchases after the applicant is approved.  Kohl’s operates as a discount department store; the added 20 percent is a nice perk especially for customers that plan on making a large purchase after receiving the card.  Card holders get an additional 15 percent discount when the new card arrives in the mail.  Credit card customers are also given special discounts throughout the year.  The Kohl’s web site currently states that card holders are eligible for special discounts of 15-30% at least 12 times a year.

The current interest rate on the Kohl’s credit card for purchases is 23.99 percent or the Prime Rate plus 20.74 percent.  Remember, a card holder will not be charged interest on new purchases provided they have paid their entire balance in full by the due date each month.  The Kohl’s card is administered by Capital One.

Amazon Rewards Visa Card

The Amazon Rewards Visa credit card has no annual fee.  New applicants will receive a $30.00 Amazon.com Gift Card that is instantly loaded into their Amazon.com account upon the approval of the credit card application.

The rewards card earns 3 percent back for each $1.00 of eligible net purchases made at Amazon.com.  Card holders will also earn 2% back for each $1.00 of net purchases made in any of the following categories: gas stations; drugstores; office supply stores; restaurants.  Card holders also earn 1 percent back on all other net purchases.  100 points is equal to $1.00 when redeemed at Amazon.com towards eligible purchases.  The points can also redeem for cash back, gift cards and travel.  There is no maximum number of points that you can accumulate in the program.

The credit card rate for purchase transactions is 14.24% to 22.24%, based on the credit history and creditworthiness of the applicant.  The card has a 21 day grace period, the payment due date will be a minimum of 21 days after the close of each billing cycle.  Account holders are not charged interest on their purchases if they pay the entire balance by the due date each month.  The card is administered by Chase Bank USA.

Gap Credit Card

The Gap operates the Gap stores as well as Banana Republic, Athleta, Old Navy, and Piperlime.  Consumers can apply for a store branded card that is either a Gap credit card or Gap Visa card, Banana Republic credit card or Banana Republic Visa card, or an Old Navy credit card or Old Navy Visa card.  Each card is eligible to participate in a similar rewards program.

The rewards programs offers 5 points for every $1 spent at any of the stores, 1 point for every $1 spent elsewhere.  New card holders will also receive 15% off their first day of purchases.  1,000 points earns $10.00 certificate good at any of the stores.

The current interest rate for purchases is 23.99% with one of the Visa cards or 24.99% with the store card.  All of the cards have no annual fee.  The Gap branded cards are offered through Synchrony Bank.

Target Card

Target offers a debit and Visa card.  With the debit card, there is no credit extension; the account has to be linked to a bank account.  The Visa card offered is standard credit card account.  Both accounts give account holders and automatic 5 percent discount on Target merchandise.  If you shop at Target, it is a must to have either the credit card or debit card.  Of course, the debit card does not involve a credit check since it is tied directly to a bank account to automatically withdraw funds for purchases.  While the cards offer few other benefits, the 5 percent discount can turn into some real savings.  On items such as electronics, where pricing is often fixed from retailer to retailer, a Target Card user still gets 5 percent off the price which could include items such as iPads and electronic games.

Today’s Best Hotel Credit Cards October 2014

Rewards credit cards that earn points and perks for hotel stays can have some of the most generous rewards programs on the credit card market.  Both the credit card company and the hotel chain or chains that are cobranded with these cards are looking to build customer relationships, a scenario that is not often seen with credit cards.  The hotel – credit card company relationship can lead to great deals for new credit card shoppers looking to maximize their hospitality rewards.

The best credit card on the market for hotel and travel rewards is the US Bank Club Carlson Rewards card.  While most frequent travelers are aware of the Carlson brand many casual travelers are not.  Carlson is a hospitality and travel company operating some of the world’s most recognizable brands including Radisson®, Radisson Blu®, Radisson Red, Park Plaza®, Park Inn® by Radisson, Country Inns & Suites By Carlson, Quorvus Collection, and Carlson Wagonlit Travel.

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The US Bank Club Carlson Rewards card awards 50,000 bonus points after the very 1st purchase is made with the card and adds another 35,000 points after the cardholder spends $2,500.00 within 3 months.  Cardholders can earn 10 Club Carlson points for every $1.00 spent at Club Carlson hotels and 5 points for all other purchases.  The card has a $75.00 annual fee, but each year the card is renewed, the accountholder is awarded 40,000 points.  Club Carlson membership is upgraded to Gold Elite Status after the card is activated and used for a purchase transaction.  Details about the US Bank Club Carlson Rewards card along with a credit card application can be found at the US Bank credit card web site.

marriott_premier_card

 

The Chase Marriott Rewards Premier Visa Signature card is regular top rated hotel rewards credit card.  This card has a stiff annual fee of $85.00 that is waived for the first year.  The rewards start right out of the gate with a free night’s stay after a new credit card application is approved.  New cardholders can earn 50,000 points if they spend $1,000.00 within the first three months.  The standard rate at which rewards are earned is five points per dollar spent at Marriott locations, two points on plane tickets, car rentals and dining, and one point on all other purchases.  There is no limit to the amount of points that can be earned or accumulated.  More information about the Chase Marriott credit card can be found at the Chase Credit Card web site.

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The Citi Hilton HHonors Visa Signature rounds out the top three hotel rewards cards.  Accountholders earn 40,000 points after spending $1,000 in the first four months.  The standard rewards rate is six points per $1.00 spent at Hilton properties, three points at supermarkets, drugstores and gas stations, and two points on all other purchases.  No cap on points and points never expire.  The Citi Hilton HHonors Visa Signature has no annual fee.  More information about the Citi Hilton credit card along with a credit card application can be found at the Citi Credit Cards web site.

Credit Card Rates Surprise and Go Down a Notch

A little competition among the new cash back credit cards on the market has pushed the national average credit card rate down.  The most recent credit card rate survey conducted in early July showed the average credit card rate on new card offers dropped by one basis point or 1/100th of a percent.  The rate drop was propelled by the rate reductions in cash back credit cards as well as those in balance transfer credit cards.

Rate reductions in the credit card market have been sighted about as frequently as sightings of white lions in the wild.  A competitive environment in which credit card issuers promote lower interest rates to gain new customers has just not materialized this year.  Low rate credit card offers are have always been more prevalent on new promotions rather than on existing, popular credit cards.  Promotions on credit cards throughout 2014 however, have focused on credit card rewards and veered away from selling or, for that matter, mentioning the credit card rate in main stream ads.  After all, credit card companies are masters of maximizing profits.

Credit card marketing has almost singly focused on rewards and more specifically, cash back rewards.  The attraction of cash back rewards has attracted consumer attention and the card issuers know it.  The marketing machines have rolled out a number of new or revamped offers that are squarely focused on the cash back benefits of their cards and ignored the rate and cost features of these cards.  This month, the marketing efforts have finally spilled over into the interest rate attributes as well.

In the current credit card rate survey, the average rate on cash back credit card moved down to 12.85 percent from 12.86 in the prior month.  Balance transfer credit card rate also dropped by a notch.  The average balance transfer credit card rate dropped to 12.38 percent from 12.39 percent in the preceding month.

With no rate changes found in the reaming five credit card categories evaluated in the credit card rates survey, the reductions in cash back cards and balance transfer cards was enough to ouch the national average rate down to 13.69 percent from 13.70 percent in the survey performed in the previous month.

The Bestcreditcardrates.com survey completed on July 18, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.69%

Average low rate credit card rate: 11.04%
Average cash back credit card rate: 12.85%
Average balance transfer credit card rate 12.38%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.65%
Average secured credit card rate: 20.35%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Latest CFPB Fine Highlights Problems with Credit Card Add-Ons

Another fine and settlement has been announced by the CFPB regarding ugly credit card add-ons.  The CFPB is often referred to as the nations’ watch dog when it comes to consumer protection in the financial sector.  A recent string of crack downs on credit card companies has zeroed in on add-on products or services sold by a number of credit card issuers.

The latest CFPB spanking was delivered to US Bank.  U.S. Bank has agreed to pay $57 million in consumer relief and penalties for unfairly charging more than 420,000 customers for identity protection and credit monitoring services they never received.  Identity protection and credit monitoring services are two of the biggest add on products sold by credit card companies.  Credit card companies have been pitching these products to consumers for some time and have raking in profits from the monthly or annual fees charged to the cardholder for the service.

US Bank is not alone in feeling the wrath of the CFPB with regards to credit card add-ons.  Discover, Capital One, American Express, Chase, and Bank of America have all been on the receiving end of reprimands from this federal agency.  The biggest settlement with regards to egregious credit card add-ons involved Bank of America which agreed in April to pay over $750 million in fines and issue refunds to almost three million customers.

The CFPB has a list of complaints lodged against credit card companies and, at this juncture it appears, they fully intend to use their power to pursue legal cases against banks and financial services firms that deceive consumers with their credit card offers.  CFPB Director Richard Cordray issue a statement saying, “We have consistently warned companies about practices related to add-on products, and we will do what is necessary to prevent further harm to consumers…”

While the CFPB is there to help protect the customer, the first line of defense is to have the customer protect themselves.  Credit card companies sell these ancillary products because they fatten the bottom line not because they offer goodwill to man.

Before agreeing to any additional fees on a new credit card, consumers should read all of the disclosures to be sure this is a service they need and it comes at a price that is reasonable.  Many of these add-on products and services have monthly fees that can run as high as $12.99 per month.  Consumers are continually getting more educated on credit card rates and fees, to then accept another fee for an add-on that is not directly tied to the credit card use and benefits, just doesn’t make sense.

New Credit Card Rates take a Pause

Credit card rates held steady this past month, according to the Bestcreditcardrates.com latest survey of interest rates.  The average annual percentage rate, or APR, for new credit card offers going into June stayed at 13.70 percent, where it had settled at in early part of May.

Some individual credit card categories did show minor rate changes month over month but, this past month was one of the least active months with regards to credit card issuers altering their product mix.  The APR for travel rewards credit cards ticked higher from 12.64 percent to 12.65 percent while the average APR on cash back credit cards moved a touch lower, dipping to 12.86 percent from 12.87 percent in the prior month.

The credit card rate survey looks at the best rates available on new credit card offers.  Credit card companies have been holding this rate relatively firm throughout the year.  One reason why the best credit card rates available from card issuers have not changed is based on the makeup of credit card offers.  Between the range of rates offered to new customers and the variable rates, credit card companies are in little need or changing the base, best rate available unless rates really swing in one direction or the other.

Credit card issuers approve the interest rate for new card applicants based primarily on the credit card applicant’s credit history or credit score.  Most credit card offers include a disclosure regarding the interest rate offered for a new card that covers a range of interest rates that are promoted to new customers.  A new credit card customer with less than perfect credit is generally going to receive a credit card rate that is on the high end of the credit card company’s range of rates.  Consumers with excellent credit will be offered the lowest or best rate on the current offer.

This method of promoting a new card with range of possibilities protects the credit card company from issuing new cards to customers with the same low rate even if the customers have different credit histories.  In addition, the vast majority of all new credit card offers are variable rate or adjustable rate products.  Should interest rates increase, the credit card company can pass along the higher rate to their customers and therefor protect their profit margin regardless of the interest rate environment.

The Bestcreditcardrates.com survey completed on June 13, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.70%

Average low rate credit card rate: 11.04%
Average cash back credit card rate: 12.86%
Average balance transfer credit card rate 12.39%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.65%
Average secured credit card rate: 20.35%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Best Bank Prepaid Cards September 2014

Bank prepaid cards often garner a lot of negative attention regarding their costs and high fees.  However, prepaid cards are convenient and useful payment tools in today’s economy.  By reviewing the best bank prepaid cards on the market today, consumers can choose a card that works for their budget and spending needs and avoid the unwanted or unneeded costs.

Most all prepaid cards have the same simple operating concept, load the cards with funds to use, spend the money through purchases or ATM use, and repeat.  Many of the top rated bank prepaid cards can have money added online, by phone, or directly from a bank account.  Selecting the best prepaid card really comes down to the fees and then the features.

Prepaid card use has become quite ubiquitous with the cards getting used at locations at most stores across the nation, online, and at ATMs.  Prepaid cards are generally designed to be reused and reloaded with new funds at the discretion of the card holder.

And prepaid cards don’t care if you have a bad credit history or no credit at all because the card issuers don’t do a credit check through a credit bureau or credit reporting agency.

The Best Bank Prepaid Cards for September 2014

The American Express Serve Card  
The American Express Serve card is one of the best prepaid cards because of its low fees.  There is no activation fee.  There are no special fees per standard transactions with the card.

The Serve card has a low monthly fee of just $1.00 and the monthly fee is waived if the cardholder uses direct deposit or adds $500.00 or more to the card during their monthly statement period.  There is also no fee in NY, TX and VT.

American Express Serve card customers can use direct deposit, link their debit card, credit card, bank account, or load cash for free across 1,000’s of CVS/pharmacy®, Family Dollar®, Walmart®, and participating 7‑ELEVEN® locations.  American Express does not charge a fee for reloads made through bank accounts and direct deposit linked to the card on the American Express website.

Card holders can pay bills, shop online, use the card virtually anywhere American Express Cards are accepted and withdraw cash for free at MoneyPass® ATMs.

H&R Block Emerald Prepaid MasterCard
The H&R Block Emerald Prepaid MasterCard has no activation fee, no monthly activity fee, no fees on purchases, or customer service calls.  The card has no charge for reloading by direct deposit or from a bank account.  There is a reload fee that is conducted at a retail locations, this fee varies by location and can be up to $4.95.

The Emerald prepaid card charges $2.50 for withdrawals conducted at ATMs but there is no charge for cash back requests with a retail transaction.  Retail purchases have no added fees.  The card can be used like a standard MasterCard for purchase transactions at retail stores or online.

Kaiku Prepaid Visa
The Kaiku prepaid card offers a number of features and still has some of the lowest fees among the top prepaid cards on the market.  The monthly fee for having the Kaiku prepaid Visa card is only $1.95.  There is no activation fee.  Basically, there is no purchase, activation, inactivity, or late fees with the Kaiku prepaid card.

ATM withdrawals have no fee where completed at in-network domestic ATMs and $1.45 per transaction elsewhere.  The card is a participant in the Allpoint ATM network.  Customer service on all inquiries, including transfers and multiple calls included at no cost.  The Kaiku prepaid card is issued by Kaiku Finance, LLC part of The Bancorp Bank.

There are other top rate prepaid cards on the market however; the vast majority of these cards have higher standard fees including one of the most important fees, the recurring monthly maintenance fee.

Please note that reasonable efforts are made to maintain accurate information however; all card information is presented without warranty.  See the online card application on each card for details about the current terms and conditions.

Credit Card Rates Climb Higher

It’s May and we now find credit card rates returning to the path of inflating higher while the rest of consumer interest rate market ebbs lower.  The national average credit card rate was lifted by the minimum measure of just of one basis point going into May.  Interest rates on new credit card offers were elevated to 13.70 percent after holding at 13.69 percent for the previous two months.

Credit card interest rates have not been overly active in 2014 with only few hiccups here and there as most of the major credit card issuers are content sitting tight with the bloated rates they currently offer relative to the overall level of rates throughout the rest of the consumer finance market.  While the latest interest rate increase will have only a minimal impact on the average credit card customer, the trend of the past few months has been to the upside.

Of course, even when the average rate for all credit cards in the rate survey move higher, consumers still have plenty of prospects to secure low rate credit cards and cards with valuable rewards options and other worthwhile features.  Opportunities for new credit card applicants may be especially abundant when the rate changes pushing the average card rate higher are kept within a very tight range, as they have been for most of 2014.

In the month of May, three credit card categories experienced interest rate hikes, one category saw a downward revision, and three categories were unchanged.  Low rate credit cards moved higher, as did student credit cards, and secured credit cards.  The rate increases pushed the average cost on these cards to 11.04 percent for the low rate credit cards, 14.16 percent for student credit cards, and 20.35 percent for secured credit cards.  Cash back credit card rates back peddled this month sliding to 12.87 percent.  Rates were unchanged month over month on small business credit cards, balance transfer credit cards, and travel rewards credit cards.

With only slight rate changes taking place among the credit card companies, most credit card issuers have kept their interest rates unchanged and new marketing promotions for credit card rewards and other bells and whistles are frequently employed to differentiate when card offer from the next.  Great possibilities for credit card shoppers and soon to be, new card holders are readily available.

The Bestcreditcardrates.com survey completed on May 16, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.70%

Average low rate credit card rate: 11.04%
Average cash back credit card rate: 12.87%
Average balance transfer credit card rate 12.39%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.64%
Average secured credit card rate: 20.35%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market

Credit Card Rates Running in Place

Credit card rates appear to have stabilized one again this month following a rise in interest rates in the preceding month.  According to the latest credit card rate survey conducted by Bestcreditcardrates.com, consumers are getting an average rate of 13.69 percent on new credit card offers.

The national average credit card rate covers all categories of credit cards from small business credit cards and low rate credit cards to student credit cards and travel credit cards.  In total, Bestcreditcardrates.com surveys the largest credit card issuers covering seven different credit card categories.

For the month of April, two of the seven credit card categories that make up the national average rate showed slight rate changes.  As one might expect, based on the outcome for the national average rate, credit card rates for the two categories that did show some changes moved in opposite directions.

Travel rewards credit card rates moved down by one basis point or 1/100th of a percent to 12.64 percent and small business credit card rates increased by one basis point to 12.58 percent.  The remaining five categories saw no discernible rate change from the previous month.

The Bestcreditcardrates.com survey completed on April 11, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.69%

Average low rate credit card rate: 11.03%
Average cash back credit card rate: 12.88%
Average balance transfer credit card rate 12.39%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.58%
Average travel rewards credit card rate: 12.64%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Rates Up Fractionally

In the month of March, credit card rates made a mild move to the upside.  The rate changes seen at the major credit card companies was not wide spread with the majority of credit card offers holding steady from the previous month.  As a result of the rate upticks made on a few cards, the average rate found on new credit card offers across all credit card categories rose to 13.69 percent from 13.68 percent in the previous month.

The rate changes, while relatively mild, fly in the face of the rate activity in the rest of the consumer interest rate market.  Credit card rates have had very little activity this year but every movement seems to be in the opposite direction of the general direction of interest rates.  The benchmark, ten year treasury rate has moved mostly lower in 2014 with a few hiccups hers an there that moved rates more sideways but moving higher was not the way one would describe either Treasury rates or mortgage rates or car loan rates for that matter.

The small uptick in credit card rates displayed over the past month did not move all individual credit card categories north.  In fact, most credit card categories saw the average rate hold firm for the month.  Low rate credit cards moved a notch higher as did balance transfer credit card rates.  Travel rewards credit card rates, on the other hand, moved slightly lower while cash back credit cards, student credit cards, business credit cards and secured credit card rates showed no change to the average interest rate.

The Bestcreditcardrates.com survey completed on March 14, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.69%

Average low rate credit card rate: 11.03%
Average cash back credit card rate: 12.88%
Average balance transfer credit card rate 12.39%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.57%
Average travel rewards credit card rate: 12.65%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market

Credit Card Rates Go Sideways, No Help to Consumers

Credit card rates changed very little during the second month of the year.  The average consumer credit card rate for new card offers was lower by less than one basis point based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com.  One basis point is the equivalent of 1/100th of a percent. 

Even though some credit card issuers did make minor rate changes to limited number of their current card offers, these changes were not sufficient enough to move the national average rate from where is was at the start of the year.  The current national average credit card rate stands at 13.68%.

The latest round of economic indicators has indicated little to no growth in the US economy which makes the prospects for interest rates rising in the near future rather dim.  With the Prime Rate holding steady for a prolonged period of time, it may come as no surprise that credit card companies are holding rates firm. 

In spite of the entrenched position on the Prime Rate, interest rates have moved lower in 2014.  The five year Treasury rate, a good barometer for mid term interest rates, dropped from 1.72 percent at the start of the year to 1.44 percent in the opening week of February.  That was a rate drop of 28 basis points.  The ten year Treasury rate made an even more profound dip, as one might expect on longer term maturities, falling to 2.61 percent from 3.00 percent even at the onset of the year. 

Lower interest rates due to slow growth and low inflation has not yielded lower interest rates for credit card holders and new credit card applicants as it has for mortgage borrowers and car loan borrowers.
 
The Bestcreditcardrates.com survey completed on February 6th, 2014 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.68%

Average low rate credit card rate: 11.03%
 Average cash back credit card rate: 12.88%
 Average balance transfer credit card rate 12.38%
 Average student credit card rate: 14.15%
 Average rate on business credit cards: 12.57%
 Average travel rewards credit card rate: 12.66%
 Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Rates Jump to Start the Year

There was action with consumer credit card interest rates this month.  Unfortunately, it may not be the kind of action new credit card shoppers are looking for.  The average credit card rate for new accounts climbed higher by one basis point to start off the year.  The average rate of new cards moved up to 13.68% from 13.67% in the month earlier.  This is the average rate across all consumer credit card categories.

Bestcreditcardrates.com evaluates the interest rates offered on new credit cards available at all the major credit card issuers within seven different card types.  In January, three of the seven categories experienced interest rate increases with just one category displaying an interest rate decrease.

The average rate on new cards was pushed higher because low rate credit cards ticked higher this past month as did balance transfer credit card rates and business credit card rates.  In the lower rate side of the numbers for the month, only the cash back credit cards showed a lower rate month over month.  The interest rates offered on rewards credit cards, student credit cards, and secured credit cards showed no measurable change for the month.

Credit card companies are continuing to work on advertising and attracting new customers with more rewards and customer service add-ons as opposed to lower interest rates.  While these features can certainly benefit some credit card customers, the card issuers are not passing on their lower costs, which they are certainly enjoying in this low interest rate environment, onto their customers via lower interest rates.  The lower costs and higher rates to the card holder are showing up on the quarterly profit statements of the major card companies in the form of outsized profits.

The current interest rate environment means it more important than ever for consumers to compare credit card terms and interest rates before applying for a new card to be sure they are receiving the best card on the market to match their needs.

The Bestcreditcardrates.com survey completed on January 6th, 2013 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.68%

Average low rate credit card rate: 11.03%
 Average cash back credit card rate: 12.88%
 Average balance transfer credit card rate 12.38%
 Average student credit card rate: 14.15%
 Average rate on business credit cards: 12.57%
 Average travel rewards credit card rate: 12.66%
 Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Rates Slide at Years End

It has been a great year for borrowers looking for a new mortgage or auto loan.  Unfortunately, the same cannot be said for those shopping for a new credit card.  While interest rates have been holding in a very favorable trading range for consumer borrowers, credit card rates have remained the exception with rates moving very little over the course of the year. 

Interest rates for new credit card offers did manage to squeeze out a modest rate reduction from the start of the year to close of the year but, the change in rates was far from what was seen throughout the rest of consumer lending market.  With the prime rate remaining fixed throughout the year, credit card companies have been reluctant to change the rates presented on the credit cards they promote.  The few rate changes that did popup presented themselves on new credit cards entering the market place as well as through a limited amount of new credit card promotions.

Compounding the issue of sticky interest rates, credit card companies have also failed to alter the underwriting criteria used to approve new credit card applicants.  In spite of some oversized profits as a result of high rates and low delinquencies at the big card issuers, credit requirements to obtain a new credit card remain highly restrictive.

As the year is coming to a close, credit card rates for the month of December have moved lower by just one basis point.  One basis point is equivalent to one hundredth of a percent.  Based on the most recent survey of consumer credit card rates conducted by Bestcreditcardrates.com, the average credit card rates across all credit categories trickled down to 13.67% from 13.68% in the previous survey.

Rate reductions were seen in both business credit cards and rewards credit card.  Low rate credit cards experienced a modest rise in the current survey.  Cash back credit cards, balance transfer credit cards, student credit cards, and secured credit cards were unaltered.

The Bestcreditcardrates.com survey completed on December 9th, 2013 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%

Average low rate credit card rate: 11.03%
 Average cash back credit card rate: 12.89%
 Average balance transfer credit card rate 12.37%
 Average student credit card rate: 14.15%
 Average rate on business credit cards: 12.55%
 Average travel rewards credit card rate: 12.66%
 Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Rates On the Sidelines

Credit card rates on new card offers sat on the sidelines for the month of November as other bank lending and savings rates were dragged lower.  The average interest rate for the top tier rate on new credit card offers was unchanged for the month at 13.68%.

Credit card rates remaining inactive while the interest rate market goes up and down is not a new occurrence.  Interest rates attached to new credit cards have been disconnected from the rest of the interest rate market for the majority of the year.  While mortgage rates, auto loan rates, and even savings rates have trended higher and lower with every change in the outlook for economic activity in the US, credit card rates have remained steadfast and have gyrated ever so slowly in a very tight range.

The primary reason for the disconnect with credit card rates is the lack of movement in the prime rate.  In addition, credit card companies are getting complacent with their competitive position and competition among the large credit card issuers is low.  Consumers can see the complacency with fewer direct mail credit card offers, fewer commercials with the notable exception of the always aggressive Capital One, and even fewer online marketing efforts.

The Bestcreditcardrates.com survey measures the interest rates offered on a number of different credit card categories along with the overall national average rate.  For the month of November, two of the seven credit card categories experienced rate changes.  With the rate changes taking place in opposite directions, the end result was an unchanged national average rate covering all categories.

Rate changes within the different categories were seen in balance transfer credit card offers and secured credit card offers.  Balance transfer credit card rates ratcheted higher to 12.38% from12.37% in the previous month.  Secured credit card rates were down on the month, dipping to 20.33% from 20.34% in the month earlier.

The Bestcreditcardrates.com survey completed on November 6th, 2013 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.68%

Average low rate credit card rate: 11.02%
Average cash back credit card rate: 12.89%
Average balance transfer credit card rate 12.37%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.67%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Rates Up October 2013

Interest rates on new credit card offers were up modestly for the month of October.  After remaining in place in the prior month, rates crept higher by one basis point or 1/100th of a point during the latest survey of credit card rates conducted by Bestcreditcardrates.com.

The rate increase for October was not evenly distributed among all credit card categories with some credit cards experiencing a rate decrease, some an increase, and the majority staying unchanged.  Credit card categories that pushed the national average credit card higher included low rate credit cards, balance transfer credit cards, and business credit cards.

Each of the categories displaying higher interest rates for the month had rate increases that did not exceed one basis point.  The average low rate credit card interest rate ticked up to 11.02%, the average interest rate on balance transfer credit cards moved up to 12.37%, and the average rate found on new business credit card offers was bumped up to 12.56%.

Credit card types or categories that experienced a rate decrease for the month included rewards credit cards and secured credit cards.  Rate decreases in these categories were no more than one basis point for each category.  The interest rate for new rewards credit cards slid down to 12.67% while the average rate on a new secured credit card dropped to a number most borrowers would find far from appealing at 20.34%.

The remaining two categories of credit cards included the monthly rate survey were unchanged.  Rates held steady for both cash back credit cards and student credit cards.  Cash back credit cards have seen a significant increase in the level of promotions marketing these card types but very little has been done to change to the interest rate offered.  Student credit cards have been a category that has seen littler attention regarding new rates or products throughout the quarter.  The average interest rate on cash back credit cards held at 12.89% and the rate offered on student credit cards was kept at 14.15%.

The Bestcreditcardrates.com survey completed on November 6th, 2013 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.68%

Average low rate credit card rate: 11.02%
Average cash back credit card rate: 12.89%
Average balance transfer credit card rate 12.37%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.67%
Average secured credit card rate: 20.34%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

The Best Credit Card Rates Remain Jammed

Consumer credit card rates have failed to move for the second consecutive month.  Marketing by the major credit card issuers has heated up going into the fall months, but the tactics employed by the big guns that dominate the credit card market are focusing on credit card rewards and other ancillary benefits and are specifically staying away from credit card interest rates and rate promotions.

Cash back credit cards are receiving the majority of the marketing dollars allocated in the credit card industry.  Rotating categories earning cash rewards, increased cash rewards allotments, as well as the minimum and maximum rewards available garner the most attention.  And once again, the new credit card promotions shy away from the credit card rate and carrying costs.

Credit card rates on new credit card offers during the month of September were entirely unchanged from the month of August. The average interest rate on new credit card offers, across all credit card categories, held at 13.67%.

The Bestcreditcardrates.com credit card rate survey measures the average interest rate on new credit cards for seven different credit categories including low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit, and secured credit cards

The current survey was completed on October 6th, 2013 and resulted in the following credit card rates for the seven different categories of credit cards surveyed as well as the average rate for all consumer credit cards offered:

Average national credit card rate: 13.67%

Average low rate credit card rate 11.01%
Average cash back credit card rate 12.89%
Average balance transfer credit card rate 12.36%
Average student credit card rate 14.15%
Average rate on business credit cards 12.55%
Average travel rewards credit card rate 12.68%
Average secured credit card rate 20.35%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards promoted by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, credit card account terms, and card services made available in today’s credit card market.

New Credit Card Offers Show Rate Hike September 2013

After sliding slightly at the tail end of July, new credit card offers showed a modest rate bump through the end of August.  The interest rate on new consumer credit cards increased by one basis point or .01% to an average rate of 13.67%.  Credit card rates have stayed in very tight range throughout the year with an occasional yo-yo move from one month to the next which holds the average rate almost unchanged when reviewed by the quarter as opposed to by the month.

Even though the average for new credit cards has changed very little this year, consumers that are in the market for a new credit card will find a fairly wide spread on the interest rates offered by the major credit card companies.  Credit card interests vary based on a variety of factors including the card type selected and the credit card applicant’s credit history and credit score.  The current market for credit cards shows advertised interest rates that could be as low as 10% or as high as 25%.

The credit card market has stayed quite competitive during the most recent economic downturn and the slowly growth that has followed with the exception of consumers with less than perfect credit.  The market remains restricted for consumers with poor credit histories.  Credit cards for consumers with credit issues and low credit scores have seen more than just higher interest rates, these consumers have been mostly locked out of the market altogether with the one category of  secured credit cards.

The Bestcreditcardrates.com credit card rate survey measures the average rate on new credit cards for seven different credit categories.  Within the seven credit card categories, three categories displayed a rate increase and one category moved lower.

Balance reward credit card rates ticked up slightly to 12.36%, student credit card rate moved higher to an average rate of 14.15%, and business credit cards saw an interest rate advance to 12.55%.  Secured credit cards were the one category to post a lower average interest rate though, the change was based on only two card products announcing an interest rate drop.  The average rate for new secure credit cards dipped to 20.35%

The Bestcreditcardrates.com survey completed on September 6th, 2013 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%

Average low rate credit card rate: 11.01%
Average cash back credit card rate: 12.89%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.68%
Average secured credit card rate: 20.35%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Rates Make Slight Reversal August 2013

Consumer credit card rates slipped slightly at the start of August erasing the modest rise in rates seen at the onset of July.  The credit card rate changes were very mild with only a few credit card companies passing along lower interest rates to new card holders.  Along with only a small fraction of the credit cards on the markets showing rate changes, the rate changes that were put in place impacted just two categories of credit cards.

The average credit card rate for new credit cards, across all credit card categories, was reduced to 13.66% from 13.67% in the previous month.  The Bestcreditcardrates.com credit card rate survey measures the average rate on new credit cards for seven different credit categories from low rate credit cards to student credit cards.  Among the seven credit card categories, just two experienced rate declines while the other card categories remained unchanged.

Both, travel rewards credit cards and student credit cards, saw a rate drop.  The rate reduction was the minimum amount measured in the survey, one basis point or 1/100th of a percent.  The dip in interest rates on these two card products brought the average rate down to 12.68% on the travel rewards credit cards and 14.14% for student credit cards.

The Bestcreditcardrates.com survey completed on August 2nd, 2013 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.66%

Average low rate credit card rate: 11.01%
Average cash back credit card rate: 12.89%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.68%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various credit card products, current interest rates, account terms, and services made available in today’s credit card market.

Credit Card Rates Stuck in the Mud July, 2013

Interest rates moved higher through June with mortgage rates and Treasury rates posting appreciable gains.  The five year Treasury rate shot up from approximately 1.03% to start the month of June and ended the month with a rate of 1.41%.  While these rates were moving higher, credit card rates stayed pat.  The average credit card rate offered to consumers in June across all credit card categories was unchanged at a rate of 13.67%.

None of the credit card categories monitored in the Bestcreditcardrates.com survey changed through the first week of July.  Individual credit card offers promoted by the major credit companies operating in the US showed some minor rate changes but none of these alterations were enough to impact the overall average rate across all consumer credit cards or the rates offered within the seven different credit card categories in the Bestcreidtcradrates.com credit card rates survey.

A mild increase in demand for credit and some positive news indicating a strengthening economy gave the nudge to push most bank rates higher.  The relatively short term nature of the rate hike combined with the rather fat profit margins being soaked up by the credit card issuers is helping to keep a cap on any upside interest rate action in the credit card arena.

The Bestcreditcardrates.com survey completed on July 5, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%

Average low rate credit card rate: 11.01%
Average cash back credit card rate: 12.89%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offered by the leading credit card companies.  Examples of the credit card offers in the survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The credit card rate data presented is made available to help consumers research and compare the various products, interest rates, and services made available in today’s credit card market.

Small Uptick in Credit Card Rates in June, 2013

Interest rates on credit cards moved marginally higher even while banks and credit card companies continue tighten consumer credit standards for new cards.  The most recent survey of credit card rates performed by Bestcreditcardrates.com found that the average cost on new credit card offers increased by one basis point or .01 percent to average cost of 13.67 percent.

The interest rate increase was brought on by elevated rates on just a few credit card categories.  The majority of credit card offers were unchanged for the month and one category experienced a rate decrease by months end.  

Top tier credit card rates have shown very little change throughout the year as credit card issuers put the squeeze on borrowers with less than perfect credit and maintained the interest rates offered to those card holders earning the top rate available.  Of course, holding rates stable for the best credit card customers is no great shakes since credit card companies are reaping the benefits of lower cost of funds and are definitely not passing that costs savings on to their customers.

The most recent survey of credit card rates conducted by Bestcreditcardrates.com showed a drop in new cash back credit cards, business credit cards, and travel rewards credit card.  The rate on three card categories all saw a rise of one basis point each.  The rate pop put the average rate on cash back credit cards up to 12.89 percent, business credit card rates up to12.54 percent, and the average travel rewards credit card rate at 12.69 percent.  A rate dip was seen with the low rate credit cards which moved up to11.02 percent.

The Bestcreditcardrates.com survey completed on June 7, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%

Average low rate credit card rate: 11.01%
Average cash back credit card rate: 12.89%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offered by the leading credit card companies.  Financial institutions and credit card products represented in the weekly rate survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.  The data presented is made available to help consumer research and compare the products, rates and services available in today’s credit card market.

Top Credit Card Rates Holding Steady Yet Again May 3rd, 2013

Bank rates moved slightly lower across a broad spectrum of terms as April came to close.  Unfortunately, the drop the interest rates did not spread to new credit card offers nor did the lower rate drive seem to get any traction over in the credit card market place overall.  As the economy continued to receive mixed signals regarding economic growth, the market has accepted the fact that the Fed will continue to intervene to keep interest rate low for an extended period of time and the credit markets reacted by pushing rates lower.

Interest rates in 2013 have been particularly responsive to signals in the market over economic weakness, or signs of economic growth, because the Federal Reserve has taken such extraordinary measures to hold interest rates down.  With more news of a slow economy surfacing, interest rates have retreated once again as May gets jump started and April comes to a close.

Even though the move in rates was broad, the change was not significant enough to impact new credit card offers.  Credit card rates will generally move up and down with the broad level of changes to interest rates but, credit card rates will often show only small changes until the market shows a measurable and sustained rate change.  The recent rate changes have been fairly significant for the bond markets and even the mortgage markets but these rate changes are not measurable enough to push the major credit card issuers to reduce their credit card interest rates.

For the most recent survey of credit card rates conducted by Bestcreditcardrates.com, the average credit card rate for new card offers held at 12.70%.  The Bestcreditcardrates.com weekly credit card rate survey covers seven different categories of consumer credit cards.  While the overall rate held firm, low rate credit cards ticked up one basis point to 11.01%, student credit card rates also moved higher by one basis point to 14.15% and cash back credit card rates slipped by one basis point to end the week at 12.90%.

Balance transfer credit card rates, business credit card rates, travel rewards credit card rates and secured credit card rates experienced no rate change over the course of the week.

The Bestcreditcardrates.com survey completed on May 3, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.66%

Average low rate credit card rate: 11.01%
Average cash back credit card rate: 12.90%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offers from the leading credit card companies.  The Bestcreditcardrates.com web site offers the weekly credit card rate report as well as a comprehensive list of credit cards available with current credit card promotions, credit card news, credit calculators and credit card applications for consumers to quickly compare and find the best credit card that matches their budget and needs.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.  The data presented is made available to help consumer research and awareness reading the products, rates and services available in today’s credit card market.

Credit Card Rates Show Mild Dip April 5, 2013

With interest rates falling across a wide spectrum of bank products, credit card rates responded likewise and dipped during the first week of April.  The first week of April saw a drop in Treasury rates, mortgage rates and credit card rates with credit card rates displaying the smallest rate reduction.  The average consumer credit card rate found on new card offers across all credit consumer credit categories was down by one basis point or 1/100th of a percent.  The average credit card rate in the Bestcreditcardrates.com credit card rate ended the week at 13.66% after holding at 13.77% in the prior survey.

Interest rates have continued to fall in 2013 as investors, consumers, and the Federal Reserve express concerns over prolonged high unemployment rates and continued economic weakness.  Economic declines generally lead to lower interest rates due to lower inflation expectations and less demand for loans.  In addition, lower economic activity correlates with high unemployment that will often lead to concerns over credit quality.  The general expectation is that sluggish growth will lead to slower debt repayments and higher delinquencies among bank loans and credit card accounts.

Offsetting the concerns about economic weakness and the likelihood of deteriorating credit card quality is the actual improvement in credit card receivables for the major credit card issuers.  Years of scaling back credit card offers and credit card approvals has improved the quality of the credit card portfolios held by the major card companies.  The improved quality has led to reduced delinquencies and the lower costs of funds have pushed credit card profits higher.

The Bestcreditcardrates.com weekly credit card rate survey covers seven different categories of consumer credit cards.  Not all credit card categories experienced an interest rate reduction over the course of the week.  Rewards credit cards showed an increase of one basis point on the week, rising to 12.70% from 12.69% in the earlier survey.  Low rate credit cards, cash back credit cards, and balance transfer credit cards all experienced a mild rate drop while new business credit card offers, student credit card offers, and secured credit card offers, showed no rate change.

The Bestcreditcardrates.com survey completed on April 5, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.66%

Average low rate credit card rate: 11.00%
Average cash back credit card rate: 12.91%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offers from the leading credit card companies.  The Bestcreditcardrates.com web site offers the weekly credit card rate report as well as a comprehensive list of credit cards available with current credit card promotions, credit card news, credit calculators and credit card applications for consumers to quickly compare and find the best credit card that matches their budget and needs.

The Best Credit Card Rates Slide March 1, 2013

Credit card rates on the most popular credit cards offered on the market this week experienced a mild drop in the average interest rate or APR.  The average credit card rate found on the nation’s most popular credit cards as measured by the Bestcreditcardrates.com weekly credit card rate survey dipped by one basis point or 1/100th of a percent on the week.  The average credit card rate in the survey covers the APR for purchase transactions offered for the best credit rate tier available on credit cards promoted by the largest credit card issuers.  The weekly credit card survey covers the products promoted by Discover, Chase, Citibank, Bank of America, Wells Fargo, American Express, PNC, SunTrust, as well as other major banks and credit card companies.

The average credit card rate slipped to 13.67 percent from an average cost of 13.68 percent found in the prior week’s survey.  While the key commercial lending rate, the prime rate, of the big money center banks showed no change this past week, a number of loan rates and bond rates did fall during the week as well as during the preceding week.  The reduction in yields throughout the interest rate market led drop in a variety of bank loan products including credit cards.

The Bestcreditcardrates.com weekly credit card rate survey covers seven different categories of credit cards.  Not all credit card categories experienced an interest rate reduction over the course of the week.  Business credit card rates and travel reward credit card rates were both lower by one basis point while the reaming five credit card categories including low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards, and secured credit card, showed no measurable change in the average interest rate.

The Bestcreditcardrates.com survey completed on March 1, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%

Average low rate credit card rate: 11.01%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.69%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offers from the leading credit card companies.  The Bestcreditcardrates.com web site offers the weekly credit card rate report as well as a comprehensive list of credit cards available with current credit card promotions, credit card news, credit calculators and credit card applications for consumers to quickly compare and find the best credit card that matches their budget and needs.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.  The data presented is made available to help consumer research and awareness reading the products, rates and services available in today’s credit card market.

Best Credit Card Rates for February 1, 2013

Credit card rates continue to fly along in a holding pattern with very few credit card issuers changing the interest rates offered on new credit cards from the previous week.  The average credit card rate remains at 13.68 percent. 

With the Prime Rate holding steady, credit card delinquencies remaining in check and midterm interest rates showing little change at the end of January, there is little impetus for credit card companies to change the rates they offer.  While some bank rates have risen during the start of 2013, mostly as a result of an improving economy, the improving economy has also held credit card delinquencies down which ultimately improves the bottom line for the credit card issuers.  An improving bottom line leads to little motive for credit card companies to increase the rate their credit card holders have to pay.

For the week ending February 1, 2013 the average credit card rate across all consumer credit card categories held at 13.68 percent.  This rate represents the average rate available for the best credit card rate tier on new credit card offers across all credit card categories.  The Bestcreditcardrates.com weekly credit card rate survey covers seven different categories of credit cards.  For the most current survey, not only was the overall rate kept in place, but there was no change in the different credit card categories as well.

The Bestcreditcardrates.com survey completed on February 1, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.68%

Average low rate credit card rate: 11.01%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offers from the leading credit card companies.  Financial institutions and credit card products represented in the weekly rate survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

The Bestcreditcardrates.com web site offers the weekly credit card rate report as well as a comprehensive list of credit cards available with current credit card promotions, credit card news, credit calculators and credit card applications for consumers to quickly compare and find the best credit card that matches their budget and needs.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.  Consumer research and awareness is the key to finding the right credit card with the best credit card rate, no matter what type of credit card is preferred.  Compare among the top credit card offers and choose wisely.

The Best Credit Card Rates for January 11, 2013

A minor uptick in bank rates in the beginning of the new year has led to an equally small uptick the average credit card rate for the best tier of credit card applicants.  Better than expected news on the economy has pushed the stock market higher and has brought about a small rise in bank rates.  The modest increase in bank rates resulted in some bank credit card issuers raising their rates on select credit card products.

Credit card rates have been insulated somewhat from most of the changes in bank lending rates recently as well as the ups and downs of the overall economy.  The start of the year already saw a continuation of that story with credit card rates holding steady.  This week is the first rate change in the overall credit card rate for 2013 and the magnitude of the change was fairly insignificant.

The average credit card rate offered on the top credit tier was elevated by one basis point or .01 percent.  The increase brought the average for new credit card offers up to 13.68 percent from 13.67 percent in the previous week.  This rate represents the new average credit card rate for new card offers across all categories of credit cards.

The Bestcreditcardrates.com weekly credit card rate survey covers seven different categories of credit cards.  Within the seven categories, two card categories experienced an interest rate increase and one category moved lower.  The remaining four categories were unaltered from the week before.  Low rate credit cards were up on the week, rising to 11.00 percent from10.99 percent in the prior week.  Student credit card rates drifted lower to 14.14 percent from 14.15 percent in the previous week.  Travel rewards credit card rates also dropped on the week, sliding down to 12.70 percent from 12.71 percent in the week earlier.

The Bestcreditcardrates.com survey completed on January 11, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%

Average low rate credit card rate: 11.00%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offers from the leading credit card companies.  Financial institutions and credit card products represented in the weekly rate survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

The Bestcreditcardrates.com web site offers the weekly credit card rate report as well as a comprehensive list of credit cards available with current credit card promotions, credit card news, credit calculators and credit card applications for consumers to quickly compare and find the best credit card that matches their budget and needs.

The Bestcreditcardrates.com database of credit card offers includes low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.  Consumer research and awareness is the key to finding the right credit card with the best credit card rate, no matter what type of credit card is preferred.  Compare among the top credit card offers and choose wisely.

Current Credit Card Rates for January 4, 2013

Credit card interest rates on new credit card offers began the new year without a bang.  Credit card rates, on average, showed no discernible change for the first week of 2013 compared to the end of 2012.  The average interest rate on new credit card offers for consumers remained at 13.67 percent, unchanged from the previous week.

Very few credit card companies in the survey conducted by BestCreditCardRates.com changed the interest rates they offered to customers with the best credit. Among the rates changes that were present, the mix of rate increases was almost perfectly offset by the rate decreases with the end result showing current credit card rates off by less than one basis point or .01 percent from the week earlier.

Even with the average credit card rates sticking to a holding pattern, there were minor changes to the rates offered in individual credit card categories.  Cash back credit card rates moved higher by one basis point, pushing the average credit card rate in this category up to 12.93 percent from 12.92 percent in the prior week.  New card offers in the travel rewards category showed a decline in the average by just shy of one basis point which put the average rate at 12.70 percent.

The Bestcreditcardrates.com survey completed on January 4, 2013 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%
Average low rate credit card rate: 10.99%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.71%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offers from the leading credit card companies.  Financial institutions and credit card products represented in the weekly rate survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

The Bestcreditcardrates.com web site offers the weekly credit card rate report as well as a comprehensive list of credit cards available with current credit card promotions, credit card news, credit calculators and credit card applications for consumers to quickly compare and find the best credit card that matches their budget and needs.

The Bestcreditcardrates.com database of credit card offers include low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.  Consumer research and awareness is the key to finding the right credit card with the best credit card rate, no matter what type of credit card is preferred.  Compare among the top credit card offers and choose wisely.

Credit Card Rates Crawl Higher February 6, 2012

Average credit card rates moved higher for the week ending February 3rd, 2012.  The increase in the average national rate was quite small and has little overall impact on new credit card offers. The average annual percentage rate, or APR, edged up one basis point or 1/100th of a percent according to Bestcreditcardrates.com’s latest survey of credit card interest rates.  The average rate on consumer credit cards moved up to 13.67 percent from 13.66 percent found in the prior weekly survey results.

The current increase was not only the smallest increase that can be recorded with the index but the change has countered earlier rate reductions this year and does not appear to represent any kind of a trend among card issuers to raise interest rates.  In fact, most credit cards categories have maintained a fairly long run of stability with the average interest rate offered for new cards in most categories not changing since the start of the year.

The increase in overall consumer credit card rates this past week was due to an uptick in the average rate offered to consumers in just two different credit card categories.  Credit card issuers adjusted the top tier of the APR range or the best credit card rate offered for both cash back credit cards and travel rewards credit cards.  The cash back category was pushed up to 12.92 percent from 12.91 percent.  New credit card offers in the rewards category advanced to 12.71 percent from 12.70 percent in the preceding week.

The Bestcreditcardrates.com survey completed on February 3, 2012 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the national average consumer credit card rate:

Average national credit card rate: 13.67%

Average low rate credit card rate: 10.99%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.71%
Average secured credit card rate: 20.36%

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rate offered on dozens of credit card offers from the leading credit card companies.  Financial institutions and credit card products represented in the weekly rate survey include Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

The Bestcreditcardrates.com web site offers the weekly credit card rate report as well as a comprehensive list of credit cards available with current credit card promotions, credit card news, credit calculators and credit card applications for consumers to quickly compare and find the best credit card that matches their budget and needs.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

Credit Card Rates Remain Steady January 30, 2012

Credit card rates were little changed in the most recent credit card rate survey conducted by Bestcreditcardrates.com.  For the week ending January 27, 2012 the national average credit card rate for consumer credit cards held at 13.66 percent.  The national average credit card rate was unchanged as were the seven different credit card categories that comprise the national average rate.

There were some changes in interest rates offered by the major credit card companies in the survey, however these changes taken together were not sufficiently large enough to alter the average rate by one basis point or 1/100th of a percent which is the threshold needed to move the posted the rate.

The credit card rate changes that did take place this week mostly impacted the spread between the top credit card rates and the bottom rates or those rates that offered for card applicants with less than optimal credit histories.  This week’s survey reflected yet another week of widening rates between the best credit card rate tiers and the lowest interest rate tiers promoted by many credit card companies. 

With new credit card offers holding interest rates steady in a declining interest rate environment and the spread between borrowers with excellent credit and less than optimal credit widening, it behooves credit card shoppers to compare terms and offers carefully before executing a new credit card application.  There remains an abundance of credit cards available in today’s market with a plethora of credit card rewards and credit card interest rates.  Matching the credit card costs and benefits with your budget and needs is the key to getting the greatest return from these tools as opposed to simply becoming another statistic that is a profit generator for the nation’s big banks.

The Bestcreditcardrates.com survey completed on January 27, 2012 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the composite national average consumer credit card rate:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.99%
Average cash back credit card rate: 12.91%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards including the most popular credit cards on the market and the cards offered from the biggest credit card companies.  New credit card offers in the weekly credit card rate survey includes the credit card rates from companies such as Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more. 

The database of credit card offers generated from the weekly survey provides consumers with a resource to help select the best credit card with the best credit card rate to match individual budgets and financial needs.  The credit cards in the survey can be seen displayed in the pages of Bestcreditcardrates.com with the current interest rates, credit card rewards, credit card fees and other information that makes choosing the best credit card quick and easy. 

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

Credit Card Rates Jump a Notch January 23, 2012

What started off as a case of rising rates for just the lower credit quality tier of credit card rates has turned into a small increase in the overall interest rate offered on new credit cards.  The end result of increases in mostly the higher tier credit card rates or what are the lower credit quality card offers, was the average rate for new consumer credit cards ticking up one basis point or 1/100th of a percent for the week ending January 20, 2012.  The average consumer credit card rate now stands at 13.66 percent.

During the month of January the vast majority of credit card rate increases skipped the best credit card rates in cards that have multi-tier rate promotions and focused more on increasing the rates on higher rate tiers.  Some of these rate changes have now moved up the credit worthiness spectrum and have impacted the lowest credit card rates marketed as well.  While this garners our attention, the credit card interest rate increase was quite small and was apparent on only two categories of credit cards.

Cash back credit card rates moved higher this past week as did the interest rate offered on business credit cards.  Business credit cards were nudged up to 12.56 percent while the interest rate on cash back rewards credit cards was lifted up to 12.91 percent.

During time of widening gaps between the best credit card rates on the market and the interest rates offered for average and poor credit, it behooves consumers to be a little more diligent when comparing new credit card offers.  Obtaining a new credit card with an interest rate that is less than optimal is akin to leaving money on the table.  Shop credit card types, such as reward cards or business credit cards, along with the interest rate and fees before filling out the next new credit card application.

The Bestcreditcardrates.com survey completed on January 20, 2012 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the composite national average consumer credit card rate:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.99%
Average cash back credit card rate: 12.91%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.56%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards including the most popular credit cards on the market and the cards offered from the biggest credit card companies.  New credit card offers in the weekly credit card rate survey includes the credit card rates from companies such as Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more. 

The database of credit card offers generated from the weekly survey provides consumers with a resource to help select the best credit card with the best credit card rate to match individual budgets and financial needs.  The credit cards in the survey can be seen displayed in the pages of Bestcreditcardrates.com with the current interest rates, credit card rewards, credit card fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

Credit Card Rate Survey Shows No Change January 16, 2012

Consumer credit card rates were rock steady this past week.  Recent improvements in credit quality seemed to have no impact on credit card interest rates in 2012.  Credit quality improvements combined with a wide spread between the costs of funds for credit card companies and the interest rate offered on consumer credit cards is leading to bigger profits for the card issuers.  Though, credit card promotions have ramped up as credit card companies chase the profits found in these consumer loan products, relief to credit card borrowers in the form of lower borrowing costs or interest rates are either slow to develop or nonexistent.

The average interest rate on new credit card offers in the Bestcreditcardrates.com weekly credit card rate survey was unchanged at 13.65 percent.  The weekly credit card rate survey did indicate changes in interest rates promoted on specific credit card types but the offsetting increases and decreases left the overall average rate unaltered. 

Credit card categories that experience a change in rate included balance transfer credit card offers and student credit card offers.  With just a few credit cards raising their rate on new student credit cards, the average student credit card rate moved up to 14.15 percent from 14.14 percent in the previous week.  Balance transfer credit card rates countered the move in student credit cards and moved down by just under one basis point or 1/100the of a percent.  The move lower drew the average interest rate on new balance transfer credit card offers to 12.36 percent from 12.37 percent in the prior week’s rate survey.

The Bestcreditcardrates.com survey completed on January 13, 2012 displayed the following credit card rates for seven different categories of credit cards surveyed as well as the composite national average consumer credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.99%
Average cash back credit card rate: 12.91%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate offered on dozens of credit cards including the most popular credit cards on the market and the cards offered from the biggest credit card companies.  New credit card offers in the weekly credit card rate survey includes the credit card rates from companies such as Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more. 

The database of credit card offers generated from the weekly survey provides consumers with a resource to help select the best credit card with the best credit card rate to match individual budgets and financial needs.  The credit cards in the survey can be seen displayed in the pages of Bestcreditcardrates.com with the current interest rates, credit card rewards, credit card fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

Modest Rise in Credit Card Rates Start the New Year January 9, 2012

A relatively few credit card offers experienced an uptick in the interest rate promoted for new card holders this past week.  The interest rate increase was limited to the best credit tiers which in turn led to a modest rise in the average credit card rate for all consumer credit cards.  Based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com on January 6, 2012, the national average credit card rate was lifted by just under one basis point or 1/100th of a percent.  The small rise in rates pushed the national average consumer credit card rate to 13.65 percent from 13.64 percent in the previous week.

Once again, the interest rate changes in new credit card offers goes against the grain or trend in consumer lending rates.  Consumer lending rates continued to push lower to start the New Year while the borrowing costs for new credit card holders moved in the opposite direction.  Mortgage rates and auto loan rates remained at record lows for the first week of the year in contrast to the indistinct to slightly higher movement in credit card rates.   With few credit card companies dominating the market, the competitive impetus to reduce interest rates seems to be lacking.  Other factors may be at play as well, either way, shopping and comparing credit card rates is the sure fire process consumers need to engage in to ensure they are getting the best credit card deal and best credit card rate available.

The credit card categories in this week’s survey that pushed rates higher included low rate credit card offers and business credit card offers.  Low rate credit card offers ended the week with an average rate of 10.99 percent or one basis point above the previous week’s average rate of 10.98 percent.  Business credit card rates were also a basis point higher leaving the average rate on new business credit card offers at 12.55 percent compared to 12.54 percent in the prior week.

The Bestcreditcardrates.com survey completed on January 6, 2012 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.99%
Average cash back credit card rate: 12.91%
Average balance transfer credit card rate 12.37%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate on dozens of credit cards. The data base of credit card offers generated from the weekly survey provides consumers with a selection of credit cards with the current interest rates, credit card rewards, fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

New credit card offers in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

Interest Rates on New Credit Cards Drop January 2, 2012

Credit card rates ended the year on upbeat note for consumers.  Based on the results from the most recent credit card rate survey performed by Bestcreditcardrates.com, the average annual percentage rate for a new credit card offers dropped by one basis point or 1/100th of a percent.  The national average APR for consumer credit cards has fallen from 13.64 percent to 13.65 percent in the previous week.
 
Credit card rates have trended sideways to modestly lower in the second half of 2011.  The current downward movement has pushed the average rate on new card offers to the low point for the year, but credit is still relatively expensive compared to other forms of consumer borrowing.

The interest rate reduction this week was fairly narrow in scope.  The most recent survey of credit card rates found most categories of credit card offers unchanged.  There were no changes in low rate credit cards, business credit cards, secured credit cards or student credit cards this time around.  Only cash back credit cards and travel rewards credit cards displayed lower rates while balance transfer credit card rates actually notched up slightly over the week.

The Bestcreditcardrates.com survey completed on December 30, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.98%
Average cash back credit card rate: 12.91%
Average balance transfer credit card rate 12.37%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.70%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate on dozens of credit cards.  The data base of credit card offers generated from the weekly survey provides consumers with a selection of credit cards with the current interest rates, credit card rewards, fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

New credit card offers in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

Rates on New Credit Cards on Hold December 26, 2011

The spread between the best credit card rate tiers and lowest credit card rate tiers widened this week but these rate changes did not impact the average credit card rate on new consumer credit card offers.  As the 2011 comes to an end, credit card rates are holding quite steady.  Credit card companies are differentiating themselves from their competitors not based on interest rates but the bells and whistles they attach to various new credit card promotions.

Based on the most recent survey of credit card rates performed by Bestcreditcradrates.com, the average national credit card rate on new credit card offers changed by less than one basis point.  The interest rate change was too small to impact the average rate within two decimal places and thus the posted rate at remained at13.65 percent.  The minor rate change in new offers reflects the actions by credit card issuers to merely tweak their interest rates modestly while applying the bulk of their marketing action on new credit card rewards, credit card fees and introductory credit card rates.

The credit card rate survey measures the credit card rates on new credit card offers including credit cards that have more than credit card rate that may be based on the credit worthiness of the card applicant.  The average consumer credit card rate posted includes just the top tier or best credit card rate when more than one rate is advertised with a particular credit card.

The survey does not take into account short term introductory rates, temporary rates or promotional interest rates as well.  For credit card offers that have temporary or introductory credit card rates, the rates that are included in the survey are the rates that would apply to the credit card after the promotional periods expires.

The credit card survey evaluates credit card rates across seven different credit card categories ranging from cash rewards credit cards to balance transfer credit cards.  The average interest rate for all of the credit card categories remained the same in this week’s survey. 

The Bestcreditcardrates.com survey completed on December 23, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.98%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.71%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate on dozens of credit cards. The data base of credit card offers generated from the weekly survey provides consumers with a selection of credit cards with the current interest rates, credit card rewards, fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

New credit card offers in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

Credit Card Rates Reverse Course and Move Higher December 19, 2011

Credit card rates reversed last week’s downward movement and were boosted higher in the most recent credit card rate survey.  The interest rate increase on consumer credit cards was the exact match of the drop in rates experienced in the previous week.  The average credit card rate on new credit card offers for the week ending December 16, 2011 increased to 13.65 percent. 

The increase in the average rate can be linked to higher interest rates on cards targeted for consumers with less than perfect credit.  In many instances, credit card companies that market new cards with a range of tiered rates will not change the interest rate offered on the best rate tier but raise the interest rates offered on the lower credit quality tier.  

The cost borrowing on credit cards has been very stable during the fourth quarter.  Credit card rates have stayed within an extremely narrow range.  This may be perceived as good news for consumers that searching for a new credit card, however during the same time that credit card rate have held steady other lending rates have moved markedly lower.

The credit card rate survey reviews the interest rates on new credit card offers across seven different credit card categories.  For the current survey, rates were elevated on just one of these credit categories.  Balance transfer credit cards experienced an advance of two basis points or 2/100ths of a percent.  The average rate on balance transfer credit card increased to 12.36 percent from 12.34 percent in the previous week.

The Bestcreditcardrates.com survey completed on December 16, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.98%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.71%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate on dozens of credit cards.  The best credit card rate or best tier is used on those credit cards that offer more than one credit card rate.  Introductory credit card rates and short term promotional rates are excluded from the survey. 

The data base of credit card offers generated from the weekly survey provides consumers with a selection of credit cards with the current interest rates, credit card rewards, fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

New credit card offers included in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

Borrowing Costs Drop on Credit Card Rates December 12, 2011

Credit card rates finally displayed some reaction to the current economic news and interest rates environment.  In the current credit card rates survey published by Bestcreditcardrates.com, the average interest rate on new credit card offers moved lower.  Credit card rates declined ever so slightly, falling by just one basis point or 1/100th of a percent.  The average national consumer credit card rate was 13.64 percent in the most recent credit card rate survey. 

The Bestcreditcardrates.com survey measures the average national credit card rate for seven different categories of card offers from balance transfer credit cards to cash back credit cards.  The national average rate change was driven by rate reductions in two categories of credit cards.  Unfortunately, the lower credit card rates found on these two categories were offset by a small rise in rates in another category of new card offers. 

Travel rewards credit card rates and student credit card rates both moved lower this past week.  The interest rate on travel rewards credit cards were cut by one basis point to an average rate of 12.71 percent.  Student credit card rates were brought down to an average rate of 14.14 percent.  Oddly, low rate credit cards were on the receiving end of the uptick in interest rates.  The average low rate credit card offer was elevated to 10.98 percent also a change of just one basis point.

The Bestcreditcardrates.com survey completed on December 9, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.98%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.34%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.71%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate on dozens of credit cards.  The best credit card rate or best tier is used on those credit cards that offer more than one credit card rate.  Introductory credit card rates and short term promotional rates are excluded from the survey. 

The data base of credit card offers generated from the weekly survey provides consumers with a selection of credit cards with the current interest rates, credit card rewards, fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

New credit card offers included in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

Credit Card Rates Continue to Coast December 5, 2011

Credit card rates will held in check for the third straight week.  With concerns over government debt in Europe and a slow economy at home, bank consumer lending rate have been moving lower.  Credit card rates however, have not been following that path very closely.  Based on the most recent survey of consumer credit card rates performed by Bestcreditcardrates.com, the average national credit card rate remained at 13.65 percent. 

Even while bank rates in general have moved lower over the past three weeks, credit card rates have remained sticky.  The market for mortgage rates and Treasury were relatively volatile during the same three week period with significant shifts in the average rate up and down.  Despite the interest rate changes in other bank savings and loan products, credit card rates generally do not reprice as quickly as other loans and will remain sticky or inelastic as the general level of interest rates move lower as well as when they move higher.

The average national consumer credit card rate was unmoved this week as were all but one of the seven different credit categories measured in the weekly Bestcreditcardrates.com credit card rate survey.  The interest rate for balance transfer credit cards was the one category displaying rate activity on the week.   The average rate promoted on new credit card offers for balance transfer credit cards spiked up one basis point or 1/100th of a percent to 12.34 percent from 12.33 percent in the prior week’s credit card rate survey.

The Bestcreditcardrates.com survey completed on December 2, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.97%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.34%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.72%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate on dozens of credit cards.  The best credit card rate or tier is measured on those credit cards that offer more than one credit card rate.  Introductory credit card rates and short term promotional rates are excluded from the survey. 

The data base of credit card offers generated from the weekly survey provides consumers with a selection of credit cards with the current interest rates, credit card rewards, fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

New credit card offers included in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

Best Credit Card Rates Relax for the Holidays November 28, 2011

The best credit card rates from the nation’s largest credit card issuers were not altered this week, according to Bestcreditcardrates.com latest survey of credit card interest rates.  The average annual percentage rate, or APR, for consumer credit cards held steady at 13.65 percent. 

Credit card rates for the top credit card tiers were essentially unchanged from the previous week’s levels although in some cases, select credit card categories displayed slightly altered rates.  Of course, this was a quiet week for consumer interest rates with the holiday shortened week.  Most major consumer lending rates from mortgage rates to car loan rates showed very little variation over the week.

The Bestcreditcardrates.com survey measures the average national credit card rate on consumer credit cards along with the interest rates for seven different categories of card offers form low rate credit cards to student credit cards.  Although there were no major improvements within the different credit card categories, two categories of credit cards exhibited rate changes. 

Business credit card rates were lower by one basis point or 1/100th of a percent to an average rate of 12.54 percent.  The average rate of balance transfer credit cards moved on the opposite direction and increased be the same amount.  The increase of one basis point on the balance transfer credit cards puts the average rate at 12.33 percent.

The Bestcreditcardrates.com survey completed on November 25, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.97%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.33%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.72%
Average secured credit card rate: 20.36%

The weekly credit card rate survey measures the best credit card rate on dozens of credit cards.  The best credit card rate or tier is measured on those credit cards that offer more than one credit card rate.  Introductory credit card rates and short term promotional rates are excluded from the survey. 

The data base of credit card offers generated from the weekly survey provides consumers with a selection of credit cards with the current interest rates, credit card rewards, fees and other information that makes choosing the best credit card quick and easy.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

New credit card offers included in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards, American Express credit cards and more.

Credit Card Rates Refuse to Follow and Rates Rise November 21, 2011

Despite Treasury rates, mortgage rates and bank savings rates moving lower over this past week, credit card rates bucked the trend and moved in the opposite direction.  Based on the most recent survey of credit card rates performed by Bestcreditcardrates.com, the average rate on new credit card offers advanced by one basis point or one-hundredth of a percentage point.  The interest rate on new credit card offers across all categories of credit cards ended the week at 13.65 percent, and increase over the prior week’s average rate of 13.64 percent.

A partial explanation for the divergence in consumer borrowing rates where mortgage rates and other lending rates moved down while credit card rates move higher is market uncertainty.  The reason behind the uncertainty and opposing rate changes is the turmoil in the European markets and outlook for the U.S. economy.  Concerns about the debt situation in the EU primarily benefits Treasury rates and mortgage rates which change abruptly based on market conditions.  On the other hand, credit card rates react more to long term secular changes in interest rates and stay above short term rate changes market swings.

The national average credit card rate rise was driven by rate increases in two of the seven credit card categories that comprise the national average rate.  Low rate credit card offers were pushed up to 10.97 percent from 10.96 in the previous weekly rate survey and balance transfer credit card rates were boosted up to 12.32 percent from an average rate of 12.31 percent in the prior week’s survey.

The Bestcreditcardrates.com survey completed on November 18, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.97%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.72%
Average secured credit card rate: 20.36%

New credit card offers included in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of the best credit card rates and other credit card offers by category to compare credit cards side by side quickly and easily.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers and new credit card promotions, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Card Rates Survey Shows Rate Unchanged for November 14, 2011

Consumer credit card rates remained stable for the second week of November.  The average consumer credit card rate on new credit card offers was unchanged at 13.64 percent based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com.

The U.S. credit markets remain susceptible to European headlines with Treasury markets and equity markets experiencing quite a bit of volatility in early November.  The interest rate offered on major credit cards has remained relative flat despite new releases of economic data and the European inspired volatility propelling most other markets.  As noted in previous columns, the high rates offered on consumer credit cards relative to other consumer lending rates, has insulated the credit card companies from increasing and decreasing their interest rates during times of market volatility. 

Unlike credit card rates, banks will reprice mortgage rates rapidly as the market changes and to a lesser extent, the interest rates offered on equity loans and auto loans.  In contrast to these consumer loan products, credit card rates remain quite sticky and will nit move with the short term ebbs and flows of the credit markets.

The weekly credit card interest rate survey evaluates the best credit card rates from the largest credit card companies across seven categories of credit card types.  For the week ending November 11, 2011 credit card rates across all categories were also unchanged.
 
The Bestcreditcardrates.com survey completed on November 11, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.72%
Average secured credit card rate: 20.36%

New credit card offers included in the weekly credit card rate survey includes the credit card rates from a wide assortment of credit card companies including Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of the best credit card rates and other credit card offers by category to compare credit cards side by side quickly and easily.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers and new credit card promotions, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Card Rates Slip November 7, 2011

Credit card rates moved lower even while equity markets continued to rally as investors spectulated that Europe will find a solution to its sizeable debt problems.  The European debt problems combined with several factors keeping a damper on U.S econimic growth still leave a number of risks on the table for losses in both equity markets and bond markets.  Those risks have been holding credit card rates higher than they may have been had the risks been removed and the general level of interst rates held this low.

Credit card companies try to keep their rates slightly elevated during time of uncertainty which avoids having to change the rates on new credit card offers when the credit markets and interest rates gyrate.  The artificially high credit card rates act to insulate the credit card companies from short term interest rate fluctuations when the economic outlook is uncertain.  Unfortunately, the economic uncertainty and higher credit card rates that follow provides no benefits to consumers trying to capitalize on a generally low interest rates and low inflation rate environment.

The positive response regarding potential economic problem solving pushed the average consumer credit card rate down one basis point this past week.  According to the most recent survey of credit card rates conducted by Bestcreditcardrates.com, the average rate on new credit card offers dipped down to 13.64 percent from 13.65 percent in the prior weekly survey.

The Bestcreditcardrates.com survey completed on November 4, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.72%
Average secured credit card rate: 20.36%

Credit card offers in the weekly credit card rate survey includes the interest rates from Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Credit Card Rates Survey Unchanged for October 31, 2011

Credit card rates ended the month of October on a weak note.  For the last week of October the average consumer credit card rate was unchanged from the prior week.  Based on the weekly survey of the best credit card rates conducted by Bestcreditcardrates.com, the average national credit card rate remained at 13.65 percent.

Interest rates in most credit card categories remained stable this past week.  There were two exceptions to the rate stability among the various credit card categories.  Balance transfer credit cards and rewards credit cards experienced minor rate changes.  Balance transfer credit card rates increased by one basis point or 1/100th of a percent while travel reward credit card rates reversed that move and dropped lower by one basis point.

With the small rate increase on balance transfer credit cards the average rate promoted for these cards, excluding introductory credit card rates, increased to 12.31 percent.  The rate change for travel rewards credit cards left the average rate for this category at 12.72 percent.

Even with the stability in the overall average credit card rate for new credit card offers, this doesn’t mean that all individual card rates moved in unison with the average rates offered.  Not only are some credit cards in each category lower that the average rate but some of the individual credit cards in the survey experienced rate changes, however due to the shear number of credit cards surveyed in each category, the individual rate changes failed to move the average rate for that category.

The Bestcreditcardrates.com survey completed on October 28, 20111 displayed the following credit card rates for the seven different categories of credit cards surveyed as well as the composite national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.72%
Average secured credit card rate: 20.36%

Credit card offers in the weekly credit card rate survey includes the interest rates from Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Card Rates Move Higher for October 24, 2011

The average consumer credit card rate increased for the first time this month.  Credit card rates have bounced up and down in the third quarter of 2011 but sine the start of the fourth quarter, credit card interest rates have moved sideways or drifted lower.  That string of improvements was interrupted this week, with the average rate rising by one basis point or 1/100th of a percent for the week.

While the rate on new credit card offers did increase in mid October, there are still a bevy of credit card deals to be found among the plethora of credit card offers on the market.   Even with the average credit card rate increasing, the spread between the highest credit card rate and lowest credit card rate among credit card offers and within the different credit card categories can be quite significant.

It took quite some time for the credit card rates to finally push lower this year even after the Federal Reserve has made numerous statements regarding its commitment to low interest rates through 2012.  The slow U.S. economy has forced the hand of the Federal Reserve to push through high levels of monetary stimulus with low interest rates to stimulate employment and economic growth. 

Unfortunately, it has taken most of the year for credit card issuers to bring down interest rates that had already come down significantly for other loan products including mortgages, auto loans and other consumer loans.  This week’s up tick in credit card rates is a bigger set back based on the movement in the general level of interest rates this year.

The national average consumer credit card rate in this week’s survey was bumped up to 13.65 percent from 13.64 percent in the prior week’s rate survey.  Credit card rate changes were present in three categories of credit cards.

Two credit card categories displayed interest rate increases while category displayed a rate drop.  Travel rewards credit card rates dropped this week, reversing last week’s increase while balance transfer credit card rates and student credit card rates increased fractionally. 

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended October 21, 2011:

Average national credit card rate: 13.654%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.73%
Average secured credit card rate: 20.36%

Credit card offers in the weekly credit card rate survey includes the interest rates from Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Card Rates Survey for October 17, 2011

New credit card offers on consumer credit cards were pushed and pulled this past week as economic concerns have exerted significant pressures on bank interest rates.  After all the pushing and pulling was done, credit card rates experienced no significant change in the average rate for the week ending October 14, 2011.

With the Yin and Yang of lower economic output keeping bankers nervous over the possibility of increasing credit card defaults and the general level of low interest rates brought on by that same sluggish economy, credit card rates were held in check.

The stock market has frequently followed the same up and down movements with volatile up and down movements in the major indices as the economic outlook fluctuated between moments of optimism and pessimism.

Consumer credit card rates for all categories of new credit card offers in the weekly credit card rate survey conducted by Bestcreditcardrates.com were unchanged with an average rate of 13.64 percent.  Two credit card categories displayed rate changes with low rate credit cards rising in rate and travel rewards credit cards sliding in the opposite direction, dipping down ever so slightly.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended October 14, 2011:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.29%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.74%
Average secured credit card rate: 20.36%

Credit card offers in the weekly credit card rate survey includes the interest rates from Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Current Credit Card Rates October 10, 2011

Credit card rates continue to respond to the downward momentum of long term interest rate trends.  In the most recent survey of credit card rates performed by Bestcreditcardrates.com, the average credit card rate for new credit card offers declined by one basis point. 

This week’ interest rate decline follows a similar reduction found in the previous week’s rate survey.  The average credit card interest rate for all categories of new credit card offers ended the week of October 7, 2011 at 13.64 percent.  One hundred basis points are equivalent to one percent. 

Bank interest rates have been riding a more or less constant slide downward as concerns over the slow U.S. economy and troubles with European debts have controlled the tone of the market.  A pessimistic economic outlook brought on by the debt and economic growth concerns generally drives interest rates lower.

For the first time in several weeks, more than just two different categories of credit card offers experienced a drop in interest rates.  Credit card offers in the low rate credit card category slipped by one basis point, as did the average rate for cash back credit card offers and secure credit cards.

Low credit card rate dropped to 10.95 percent from the previous survey’s result of 10.96 percent, the rate on cash back credit cards declined to 12.92 percent from 12.93 percent and the average rate on secured credit cards went from 20.37 percent from 20.36 percent over a period of a week.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended October 7, 2011:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.95%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.29%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.75%
Average secured credit card rate: 20.36%

Credit card offers in the survey include the rates from Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

The Best Credit Card Rates October 3, 2011

After two weeks of inactivity, credit card rates finally reacted to the current interest arte environment and shed their apathetic stance that has held credit card rates unusually high relative to other bank rates.  As September has come to a close, bank lending rates and Treasury rates had fallen measurably without credit card rates following along.  While the general level of interest rates was sliding lower, credit card interest rates have remained elevated.

Using the changes in the ten year U.S. Treasury rate as a gauge, the relatively healthy magnitude of interest rate reductions in September is apparent.  During the month of September, the ten year Treasury rate dropped from 2.23 percent at the onset of the month to 1.92 percent on September 30.  During that same period, the average rate for new credit card offers did change slightly over the 30 day period, but closed out the month unchanged at 13.65 percent.

For the week ending September 30, 2011 new credit card rates for the top tier credit card offers in the weekly credit card rate survey was lower by one basis point or 1/100th of a percent.  The average rate across all credit card types dipped down to 13.65 percent from 13.66 percent in the previous week.

The reduction in overall consumer credit card interest rates was due to a drop in the average rate offered to consumers in just two credit card categories.  That average rate for balance transfer credit cards moved down to 12.29 percent from the prior week’s average rate of 12.30 percent. The average rate offered to consumers for new cash back credit card accounts dipped to 12.93 percent from 12.94 percent found in the previous weekly survey.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended September 30, 2011:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.29%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.75%
Average secure credit card rate: 20.37%

Credit card offers in the survey include the rates from Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Credit Card Rates for the Week Ending September 23, 2011

Bank rates moved lower again this week while credit card rates were held in check. Generally, credit card interest rates slowly follow the rates found in bank lending rates.  Credit card rates for new credit card offers over the past week, stayed put at stubbornly high levels while other bank rate lending continued to move noticeably lower.

During the first half of 2011, credit card interest rates have moved quite obviously in the opposite direction of bank lending rates and savings rates.  During the second half of the year this condition has been altered modestly.  Credit card rates have now started to move a little closer to the direction of the changes in other bank rates not withstanding the temporary reprieve found in the past two weeks.  The correlation remains extremely low and somewhat volatile, however it is a significant change from the diverging rate movements found in the first half of the year,

The average credit card rate offered to consumers with excellent credit in the Bestcreditcardrates.com weekly credit card rate remained at 13.66 percent for the week ending September 23, 2011.

Interest rates for all types of credit cards remained stable in the most current rate survey with the exception of business credit cards, which rose to 12.55 percent from 12.54 percent, and student credit cards, which dropped to 14.14 percent from 14.15 percent.

The Bestcreditcardrates.com weekly credit card survey measures the standard interest rates promoted on new credit card offers, excluding introductory credit card rates that are short term or temporary in nature.  In cases of multiple credit card rates marketed for one credit card, the rates included in the survey are for the credit card offers available to the most credit worthy applicants.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended September 23, 2011:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.75%
Average secure credit card rate: 20.37%

Credit card offers in the survey include the rates from Citi credit cards, Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Cards Rates are Back to Stable September 19, 2011

This past week of credit card rate activity was essentially a non event in the sense that there was no discernible change to interest rates.  After a week of gyrating bank rates and Treasury rates, credit card rates remained calm.  The average credit card interest rate on new credit card offers ended the week right where it started.  The average interest rate for new credit card offers, based on the weekly credit card rate survey performed by Bestcreditcardrates.com on September 16th came in at 13.66 percent.

As stability returns to the markets, it is not likely that this trend will result in rates beginning to move lower.  The uncertainty over growth in the U.S economy and European headlines continue to dominate the news regarding bank rates.  Market uncertainty is what stimulated higher credit card rates and has kept them there thus far this year.  Brief intervals of stability in credit card rate offers is not expected to lead to lower rates unless prolonged market stability is seen in the future by the big credit card companies.  That leaves borrowing costs required for average credit card rates unchanged to marginally higher throughout the remainder of the year.

In addition to the stability in the national credit card rate, the average rate for each category of credit card offers measured in the weekly rate survey were unwavering as well.  All seven credit card categories displayed no change in the average interest rate for the week.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended September 16, 2011:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.75%
Average secure credit card rate: 20.37%

The credit card rate survey conducted by Bestcreditcardrates.com uses the best credit card rate available per credit card offer.  Introductory credit card rates or other short term and teaser interest rates are not included in the weekly survey results.  Credit card offers in the survey include the rates from Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Rates Up for the Best Credit Card Rates September 12, 2011

The reprieve in credit card interest rate increases has ended.  Interest rates on new credit card offers ended a three week trend of stable rates by inching up slightly in the most recent report of credit card rates performed by Bestcreditcardrates.com.

The national average credit card annual percentage rate bumped up to 13.66 percent for the most recent credit card rate survey that concluded September 7, 2011.

While concerns about the US economy and debt problems in Europe have driven most bank rates lower, concerns over losses in credit card portfolios have made banks skittish about reducing rates on unsecured consumer debt in general.  The biggest component of unsecured bank loans is credit cards.  Banks are certainly making bigger profits in this category as their cost of funds have fallen sharply but are reluctant to drop their guard and credit card rates while uncertainty over the direction of the economy lingers.

There were only a few bank credit card rate changes that spurred the change in the national average credit card rate.  The vast majority of credit card offers in the credit card rate survey were unchanged from the prior week.

In addition to the overall national credit card APR average moving higher, two credit card categories showed higher rates for the week.  The student credit card category was boosted up to 14.15 percent from 14.14 percent in the week earlier.  The business credit cards category also saw an increase in the average rate, climbing to from 12.54 percent from 12.53 percent in the previous week.

The move in rates was not exhibited in all credit card categories.  Low rate credit cards, travel rewards credit cards, secure credit cards, cash back credit cards and balance transfer credit cards presented no change in the average rate for new offers this past week.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended September 9, 2011:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.75%
Average secure credit card rate: 20.37%

The credit card rate survey conducted by Bestcreditcardrates.com uses the best credit card rate available per credit card offer.  Introductory credit card rates or other short term and teaser interest rates are not included in the weekly survey results.  Credit card offers in the survey include the rates from Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Card Rates Survey for September 5, 2011

Stability is the word.  Stability in credit card rates was a trend that started in August and is continuing on into the first week of September.  Changes have been few and far between in recent weeks for not just the national average credit card rate but also for the individual categories of credit card offers.

The strength in the Fed Funds rate and Treasury rates has finally brought some steadiness to credit card rates.  As we have reported throughout the year, credit card rates have been moving against the grain by rising when other bank rates are falling.

In the current credit card interest rate survey, the national average credit card rates held the same level reached two weeks earlier of 13.65 percent.  Not all categories of credit cards or credit card rates were held in place.  Student credit card rates dropped slightly as did business credit card rates, while travel rewards credit card rates rose slightly.  For all three credit card categories, the change to the average credit card rate just barely touched one basis point or 1/100th of a percent. 

Stability was also present in the other credit card categories.  Interest rates for low rate credit cards, secure credit cards, cash back credit cards and balance transfer credit cards were unchanged in the first week of September

With credit card promotions continuing to pick up steam, the variability among credit card offers has increased.  The availability or difference between offers is not just limited to credit card interest rates.  New offers are more likely to target enhanced rewards programs and introductory credit card rates.  In this market, it is often a good time for consumers to shop for more competitive rates and terms to evaluate whether the value of the increased rewards or term of an introductory low rate offer is worth the switch.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended September 2, 2011:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.53%
Average travel rewards credit card rate: 12.75%
Average secure credit card rate: 20.37%

The credit card rate survey conducted by Bestcreditcardrates.com uses the best credit card rate available per credit card offer.  Introductory credit card rates or other short term and teaser interest rates are not included in the weekly survey results.  Credit card offers in the survey include the rates from Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Another Week of Stable Credit Card Rates for August 29, 2011

The recent increase in credit card rates looks to have finally hit a wall.  After setting new highs in early August, credit card rates have remained stable for two consecutive weeks.  Stable credit card borrowing rates may not seem like much of reprieve compared to other borrowing rates such as mortgages and auto loans, but stable costs for credit cards is an improvement relative to the direction that interest rates have been going for these products.

The national average credit card rate for the week ending August 26, 2011 was unaltered form the previous week and the average rate remained at 13.65 percent.

There are of course, credit card deals that can be obtained with lower rates than the national average rate, but most of these credit card offers are reserved for very well qualified borrowers. In some credit card categories, there is an increased amount of variety in what individual credit card companies are offering for new credit cards.  Several credit cards offer lower rates within a specific category of credit cards, but those new offers often carry with them additional fees or limited reward potential.  Consumers will do the best when they keep an eye out for the best combination of low interest rates, low credit card fees and maximum rewards.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended August 26, 2011:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.37%

The credit card rate survey conducted by Bestcreditcardrates.com uses the best credit card rate available per credit card offer.  Introductory credit card rates or other short term and teaser interest rates are not included in the weekly survey results.  Credit card offers in the survey include the rates from Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Stable Credit Card Rate Rates for August 22, 2011

With a year of steadily rising credit card rates and plummeting bank lending rates, the best thing for credit rates right now is a week of stability.  Based on the most recent survey of credit card rates conducted by Bestcreditcardrates.com, stability is was in fact in the cards this week.  Following a week of further rate reductions in bank lending rates, credit card rates barely budged for the week ending August 19, 2011.  The average national credit card rate experienced a change of less than one basis point which held the average rate in place at 13.65 percent.

Some credit card lenders have been adjusting their card pricing strategies to better control new promotions and credit card offers.  However, the net effect among all credit card companies and credit card offers in the weekly survey was change in interest rates that was statistically insignificant.

The national average credit card rate is based on the rate information from seven different credit card categories including low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards. 

Of the seven credit card categories tracked by Bestcreditcardrates.com, only one rose slightly while the others remained unchanged.  Balance transfer credit card rates were the sole category displaying a rate reduction, slipping to 12.30 percent from 12.31 percent in the week earlier.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended August 19, 2011:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.37%

The credit card rate survey uses the best credit card rate available per offer.  Introductory credit card rates or other short term and teaser interest rates are not included in the survey results.  Credit card offers in the survey include the rates from Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Card Rate Rates are Down August 15, 2011

Rates on consumer credit cards were nudged down slightly for the week ending August 12, 2011 based on the most recent credit card survey conducted by Bestcreditcradrates.com.  The average annual percentage rate for new credit card offers was lower by just barely one basis point or 1/100th of a percent for the week.  

For most new credit card offers and credit card promotions, credit card companies held interest rates steady however, a select few card issuers dropped their rates enough to bring the national average rate.  After all the rates and new offers were tabulated, the national average dipped down to 13.65 percent from 13.66 percent in the week earlier.

Bestcreditcradrates.com weekly credit card rate survey acquires data on the interest rates offered from the nation’s leading credit card issuers.  The credit card rates come from the biggest credit card companies and cover the most popular credit cars.  Credit cards rates are compiled on seven different credit card categories including low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards.

Of the seven credit card categories tracked by Bestcreditcradrates.com, one rose slightly, two moved lower and four remained unchanged.  Low rate credit offers experienced an uptick in rate.  Balance transfer credit card rates were lower as was the average rate on business credit cards.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended August 12, 2011:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.96%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.37%

The credit card rate survey uses the best credit card rate available per offer.  Introductory credit card rates or other short term and teaser interest rates are not included in the survey results.  Credit card offers in the survey include the rates from Chase credit cards, Capital One credit cards, Discover credit cards, Bank of America credit cards and more. 

Consumers can review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards  to help consumers compare and search for the best card offer.

By comparing the average credit card rates currently available with select credit card offers, consumers can find the best credit card with the best credit card rate to meet their needs and budget.

Best Credit Card Rate Rates Fighting the Trend August 8, 2011

Credit card rates remain undeterred in their resistance to economic forces.  While interest rates continue to fall all around, credit card rates remain elevated.  Bank rates continue to fall with mortgage rates approaching record lows, bank savings yield driving fixed income investors into fits due to the lower rates of return while credit card interest rates remain obstinate and refuse to move down.  Credit card rates were unchanged yet again for the week ending August 5th, 2011. 

The average rate for new credit card offers, based on the weekly survey of the best credit card rates performed by Bestcreditcardrates.com, held at 13.66 percent for the week ending August 5, 2011.  The weekly credit card arte survey measures the average credit card rate for the top tier of credit card offers to establish a national average credit card rate as well as the average rate for seven different credit card categories.

Despite this week’s pause in the movement of the national average credit card rate, there were rate changes among the seven credit categories.  Low rate credit card offers had a rate increase to 10.95 percent.  Student credit card rates also moved higher with the average rate now at 14.15 percent.  Secured credit card rates moved lower over the week, a credit card category that normally displays very few rate changes, bringing the average rate for this credit card category down to 20.37 percent.

The Bestcreditcardrates.com survey displayed the following credit card rates for the seven credit card categories as well as the national average credit card rate for the survey that ended August 5, 2011:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.95%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.37%

The Bestcreditcardrates.com survey covers the best credit card rate offered on over 50 different credit cards including the most popular credit cards and credit cards from the largest credit card companies.  Introductory credit card rates or other short term and teaser rates are not included in the survey results.  The wide selection of credit card offers listed in the Bestcreditcardrates.com credit card database can assist consumers in their search for the best credit card with the best credit card rate to fit their needs. 

Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.  The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards  to help consumers compare and search for the best card offer.

Credit Card Rate Rates Stable August 1, 2011

The slow creep of credit card rates took a breather this week.  The average rate for new credit card offers was unchanged for the week ending July 29, 2011 after rising in the previous week.  While the lack of a rate increase appears to be a good thing for consumers shopping for a new credit card or low rate credit card, credit card borrowing costs are no great bargain this week or this year.

Credit card rates have been a stand out category in lending rates for most of this year.  Rates on new credit cards are not garnering attention because they are so low but rather the attention is on how credit card rates have contrasted with other borrowing rates.  In contrast to the general movement in bank rates which has been decidedly lower, credit card rates have not done well.  Credit card interest rates have trended higher this quarter while other bank rates and Treasury rates have moved demonstrably lower.

Based on the most recent survey of credit card rates performed by Bestcreditcardrates.com for the week ending July 29, 2011, the average national credit card rate for new credit card offers was held in check at 13.66 percent.  For the first time in several weeks, not only did the national average credit card rate remain unmoved but all seven credit card categories were unaltered for the week.

The Bestcreditcardrates.com survey presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.94%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey covers the best credit card rate offered on over 50 different credit cards including the most popular credit cards and credit cards from the largest credit card companies.  Introductory credit card rates or other short term and teaser rates are not included in the survey results.

In order to find the best credit card with the lowest credit card rate to fit your needs, start by browsing the credit card database by card category.  The wide selection of credit card offers listed in the credit card database can assist consumers in their search for the best credit card with the best credit card to fit their needs. 

Comparing credit card offers is the key to choosing the best credit card among the wide assortment of credit card choices in today’s market.  Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions. 

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards  to help consumers compare and search for the best card offer.

Credit Card Rate Rates Survey July 25, 2011

Credit Card borrowing costs moved marginally higher this week.  Competitive pricing between credit card companies appears to have got up and left this industry during 2011.  Apprehension over the future of banking profits and regulation has put the industry on the defensive and has had the unfortunate side effect of keeping credit card interest rates artificially high.  

Fear of the unknown regarding credit quality, economic growth and the future direction of interest rates has put credit card issuers on the defensive.  While in their defensive posture, credit card companies are keeping credit card interest rates higher than would be expected based on the general level of bank rates and other lending rates.

Based on the most recent survey of credit card rates performed by Bestcreditcardrates.com, the average national credit card rate for new credit card offers increased to 13.66 percent from 13.65 percent in the previous week.

The weekly rate survey measures the credit card rate on new card offers for the best credit tier offered per card.  The survey calculates the average rate across all credit card types as well the credit card rates offered per credit card category.  For the week ending July 22, 2011 the average credit card rate increased by one basis point or 1/100th of a percent.  In addition to the rate change covering all credit card categories, student credit card rates and business credit card rates moved higher on the week as well.

The average rate on student credit cards increased to 14.14 percent from 14.13 percent in the previous week.  The average rate on business credit cards ticked up to 12.55 percent from 12.54 percent from the prior week.

Bestcreditcardrates.com survey that ended July 22, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.66%

Average low rate credit card rate: 10.94%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.55%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; American Express credit cards, Chase credit cards, Citi credit cards, HSBC credit cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

In order to find the best credit card with the lowest credit card rate to fit your needs, start by browsing the different credit card categories to compare card offers.  The wide selection of credit card offers listed can assist consumers find the right card to match your needs. 

Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions. 

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards  to help consumers compare and search for the best card offer.

Best Credit Rates July 18, 2011

The continued uneasiness in the credit markets and the subsequent flight to safety into the bond market has done little to help credit card rates.  Credit card borrowing costs ratcheted higher for the week ending July 15, 2011. 

With investors remain nervous about the state of the economy, they are shying away from risky assets like stocks and moving their funds into low risk U.S. Treasury securities, driving these interest rates lower.  Lower rates in Treasuries have also led to lower bank rates and mortgage rates.  The notable exception from the lower lending rates category is credit cards.  Credit card rates have remained elevated throughout the year even before the recent rate

Based on the most recent survey of credit card offers performed by Bestcreditcardrates.com, the average national credit card rate for new card offers bumped up one basis point this week or 1/100th of a percent to an average rate of 13.65 percent.

Bear in mind, that while the average national credit card rate has increased this year not all credit card offers have elevated rates.  Even credit card companies that have increased their interest rates on average for their portfolio of credit cards, many still promote specific low rate credit cards and special offer credit cards that are below the national average credit card rate.

Bestcreditcardrates.com survey that ended July 15, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.65%

Average low rate credit card rate: 10.94%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; American Express credit cards, Chase credit cards, Citi credit cards, HSBC credit cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

In order to find the best credit card with the lowest credit card rate to fit your needs, start by browsing the different credit card categories to compare card offers.  The wide selection of credit card offers listed can assist consumers find the right card to match your needs. 

Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions. 

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards  to help consumers compare and search for the best card offer.

Best Credit Card Rate Rates July 11, 2011

Bank interest rates have gyrated up and down over the past five business days with the net effect of rates ending the week predominantly unchanged.  The lack of any real direction for bank rates in general translated into a sideways shuffle for credit card interest rates.

The June employment report showed a mix of both good news and bad news for bank rates and credit card rates.  The jobs report was another bad economic news report in a long line of negative reports for the second quarter of 2011.  Poor economic news has made the likelihood of a quick economic recovery highly unlikely.  This translates into good news for credit card rates and consumer borrowing; a slow economic recovery leads to lower interest rates and lower rates of inflation.

In the current environment of skittish bankers and tight credit conditions, the future outlook for credit card rates is not particularly rosy.  Although interest rates have fallen rather significantly this year and appear to be in position to feel continued downward pressure, credit card borrowers may not enjoy the benefits of lower borrowing costs with lower credit card rates.  As banks still feel the pain of prior loan losses and new credit card regulation, aggressive credit card offers that involve lower interest rates are not likely to surface anytime soon.

For the week ending July 8th, 2011 the average national credit card rate based on the weekly survey of credit card rates performed by Bestcreditcardrates.com remained at 13.64 percent.  Bestcreditcardrates.com measures the national average credit card rate as well as seven different categories of credit card offers.  Along with the national average credit card rate, all seven credit categories remained unchanged for the week.

Bestcreditcardrates.com survey that ended July 8, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.93%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; American Express credit cards, Chase credit cards, Citi credit cards, HSBC credit cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

In order to find the best credit card with the lowest credit card rate to fit your needs, start by browsing the different credit card categories to compare card offers.  The wide selection of credit card offers listed will help you find the right card to match your needs. 

Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions. 

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards  to help consumers compare and search for the best card offer.

The Best Credit Card Rate Rates Update July 5, 2011

Credit card rates experienced their first decline in two months.  After inching slowly higher with intermittent weeks of stability followed by weeks of modest rate increases, credit card interest rates have finally moved lower.  While this week; credit card rate survey did in fact display an aggregate downward rate movement, the rate change was rather muted.

Credit card rates on new credit card offers across all categories of credit cards measured in the weekly Bestcreditcardrates.com credit card survey declined by one basis point or 1/100th of percent.  This is the smallest measurement used to calculate interest rate changes in the survey.  With that change, the average credit card rate for the best credit card rates available per credit card category has dipped down to 13.63 percent.

The Bestcreditcardrates.com survey that ended July 1st, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.93%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; American Express credit cards, the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

In order to find the best credit card with the lowest credit card rate to fit your needs, start by browsing the different credit card categories to compare card offers.  The wide selection of credit card offers listed will help you find the right card to match your needs. 

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards  to help consumers compare and search for the best card offer.

Credit Card Rate Rate Survey June 27, 2011

The national average credit card rate for new credit card offers was held in check this past week.  The average rate for the top tier credit card rate remained at 13.64 percent, the same interest rate as the previous week.  The national average credit card rate was unaltered measuring all categories of credit cards; however some individual credit categories did experience mild changes to the average rates currently being marketed to consumers.

Rate changes among the various individual credit card categories means that consumers who are looking to get your hands on a new credit card should shop carefully among the various credit card types and then compare credit card rates and terms within the select card category in order to obtain the best credit card rate that fits their needs.

According to the most recent survey of credit card rates conducted by Bestcreditcardrates.com, three different credit card categories experienced rate changes.  The average rate on balance transfer credit cards, student credit cards and business credit cards had net changes week over week. 

Balance transfer credit card rates moved lower by one basis point to an average rate of 12.32 percent while student credit card rates and business credit card rates moved higher leaving those credit card rates at 14.13 percent and 12.54 percent, respectively.  Rate changes of less than one basis point in the remaining credit card categories did not impact the average rate in those categories but did have a net effect on the national average rate.

The Bestcreditcardrates.com survey that ended June 24, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.93%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

In order to find the best credit card with the lowest credit card rate to fit your needs, start by browsing the different credit card categories to compare card offers.  The wide selection of credit card offers listed will help you find the right card to match your needs. 

The Bestcreditcardrates.com database of credit card offers includes low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards to help consumers compare and search for the best card offer.

Credit Card Rate Rates June 20, 2011

It appears the Credit Card Act has capped the costs that consumers will have to absorb for the privilege of having a new credit card.  Or, maybe those costs are simply disguised in the form of higher credit card rates.  Sure, many groups point to the fact that long term credit card interest rate increases have not materialized however, in the current low interest rate environment the net effect of just slightly higher interest rates on credit card or even stable interest rates is the same.  Bank rates have continued to fall sharply this year while credit card rates are either holding steady or moving marginally higher. 

While mortgage loan borrowers are able to benefit with low mortgage rates, credit card borrowers are enjoying no such benefit.  The mean best credit card rate on new credit card offers moved up by one basis point this week.  One basis point is equal to 1/100th of a percent.  The average credit card rate for new credit card offers across all credit categories now stands at 13.64 percent.

Pushing the national average credit card rate higher were increases in two of the seven credit categories measured in the weekly credit card rate survey by Bestcreditcardrates.com.  Low rate credit card offers ended the week one basis point higher than the previous week with an average rate of 10.93%.  Travel rewards credit cards also increased on the week, rising to 12.74 percent from 12.73 percent in the previous week.

The five other credit card categories which includes cash back credit cards, balance transfer credit cards, student credit cards, business credit cards and secured credit cards displayed no change in the average rate for new card offers.

The Bestcreditcardrates.com survey that ended June 17th, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.93%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.33%
Average student credit card rate: 14.12%
Average rate on business credit cards: 12.53%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

Review the Bestcreditcardrates.com list of credit card offers by category to compare credit cards by interest rate, annual fee and credit card rewards and promotions.

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards for consumers to compare and search for the best credit card offer.

Best Credit Card Rates June 13, 2011

Credit card companies should be getting ready to post big profit improvements.  The basis for this prognostication is that it appears credit card companies are lining their pockets with cash by not passing along savings on interest costs to consumers.  Interest rates on banks borrowing costs from Fed Fund rates to CDs and savings accounts have fallen while interest rates on new credit card offers have barely moved.  According to the most recent survey of credit card rates performed by Bestcreditcardrates.com, the average credit card rate was unchanged for the week ending June 10th, 2011.

 The average rate for the best credit card rate tiers on new card offers ended the week on June 10th, 2011 remained at 13.63 percent.

The main causes for sticky credit card rates in 2011 is the lack of impetus or competition to reduce rates by credit card companies and the uncertainty brought on by the regulations of the CARD Act.

Bestcreditcardrates.com measures the weekly change in the interest rates for the best credit card rate tiers available from credit card companies across the nation to obtain the national average credit card for new card offers as well as the average rate for new card offers among seven different categories of credit cards.

Of the seven categories of credit card offers measured in the weekly Bestcreditcardrates.com survey, only two categories displayed a rate change.  Interest rate changes were recorded in business credit cards and travel rewards credit card.  The rate changes were offsetting with business credit card rates moving lower and travel rewards credit card rates moving lower.

The other five credit card categories which include low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards and secured credit cards ended the week right where they started.

The Bestcreditcardrates.com survey that ended June 10th, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.63%

Average low rate credit card rate: 10.92%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.33%
Average student credit card rate: 14.12%
Average rate on business credit cards: 12.53%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.

To see the latest credit card offers by category please see: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

 

Credit Card Interest Rates June 6, 2011

Interest rates continue to tumble on Treasury rates and bank rates but move just negligibly lower for new credit card borrowers.  The average rate on new credit card offers as measured by the weekly credit card rate survey performed by Bestcreditcardratyes.com declined by just one basis point over the past week.  One basis point is equivalent to 1/100th of a percent.

The average rate for the best credit card rate tiers on new card offers ended the week on June 3rd, 2011 at 13.63 percent.

The tepid rate changes seen in credit card rates this quarter are dwarfed compared to the rate reductions in U.S. Treasury securities and bank savings rates as well as mortgage rates.   The difference between the average credit card interest rate credit card purchases and the 10 year Treasury bond has widened significantly this year. 

The ten year Treasury rate ended June 3rd at 2.99 percent after reaching 3.50 percent during the first week of 2011.  That’s a reduction of over 50 basis points or ½ of a percent.  During that same period, credit card rates actually increased by five basis points.  At the start of 2011 the average credit card rate on the top credit tier for new card offers was 13.58 percent.

For the week ending June 3rd, three different categories of credit card offers experienced rate reductions along with the national average.  As part of the weekly credit card rate survey, Bestcreditcardrates.com reviews the credit card rate for new credit card offers from the largest credit card companies and measures the interest rates on seven different credit card categories of card offers. 

The average rate for balance transfer credit cards went down by one basis point to 12.33 percent.  The rate on student credit card offers also dropped by one basis point, falling to 14.12 percent.  Business credit card rates were third category to have lower rates, the average rate on new business credit card offers dipped to 12.53 percent from 12.54 percent in the week earlier.

One credit card category experienced a rate increase.  Low rate credit card offer ticked up one basis point to 10.92 percent.

Cash back credit card, travel rewards credit card and secured credit card rates held stable week over week.

The Bestcreditcardrates.com survey that ended June 3, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.63%

Average low rate credit card rate: 10.92%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.33%
Average student credit card rate: 14.12%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.72%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.  To see the latest credit card offers by category please see: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Cards Rates Survey May 30, 2011

As interest rates continue to move lower on home loans, auto loans and U.S. Treasury securities, credit card rates refuse to play along.  After rising in two of the last three weeks, the average rate on new credit card offers refused to move lower and held the rate level reached in the prior week.  Based on the most recent survey of the best credit card rates performed by Bestcreditcardrates.com, the average credit card rate on new credit card offers held at 13.64 percent for the week ending May 27, 2011.

Although the average credit card rate did not increase this week, most bank lending rates have been falling throughout the quarter while credit card rates have remained elevated.  Due to the modest rise in credit card rates while bank lending rates are falling, the spread between Fed Fund rates, the average Prime rate and credit card rates has widened.  Due to the losses in the credit card industry in recent years and the passage of more restrictive new credit card laws, it is not likely that credit card companies will be reducing their rates measurably anytime soon.

As part of the weekly survey, Bestcreditcardrates.com reviews the credit card rate for new credit card offers from the largest credit card companies and measures the interest rates on seven different credit card categories of card offers.  For the week ending May 27, 2011 two of the credit card categories experienced rate changes and the remaining five displayed no measurable change in the average rate.

The average rate on business credit card offers stepped up for the second consecutive week, rising one basis point or 1/100th of a percent to 12.54 percent.  Opposing that move, the average rate for travel rewards credit cards declined by one basis point to 12.72 percent.

The average credit card rate for low rate credit cards, cash back credit cards, student credit cards, balance transfer credit cards, and secured credit cards did not move this week.

The Bestcreditcardrates.com survey that ended May 27, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.91%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.34%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.54%
Average travel rewards credit card rate: 12.72%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.

Consumers can view current rate data for U.S. based credit cards by viewing the following categories of credit card offers: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

 

Best Credit Cards Rates May 23, 2011

Interest rates on new credit card offers increased again this past week.  After some lackluster rate changes over the preceding two months in which credit card rates often increased one week only to fall back down in the following week, rates have now increased for two consecutive weeks.

Many economists had been forecasting higher consumer interest rates for this year only to watch as interest rates failed to match their predictions.  Most bank lending rates have shifted lower thus far in 2011 with the notable exception of credit card interest rates.  While credit card rates have yet to sustain a significant trend higher, interest rates on new credit card offers are above where they were at the start of the year.

Investor concerns regarding U.S government and sovereign debt loads has placed on a lid on U.S. interest rates.  Credit card rates have fought that trend as banks continue to try and find profitable lending activities and fee generating products and services in a low credit demand environment.

The average annual percentage rate on new credit card offers moved up to 13.64 percent for the week ending May 20, 2011.

The Bestcreditcardrates.com weekly credit card rate survey includes the largest credit card issuers in the U.S. The rates in the survey are the best rates available excluding higher tiered rates for credit card promotions that include more than one interest rate.  Promotions offers for temporary rate reductions are also excluded.

For the week ending May 20, not only did the average credit card rate push ahead, three separate credit card categories also exhibited increased average rates.  The average rate for business credit cards moved up to 12.53 percent, the average rate for low rate credit cards headed up to 10.91 percent, while the average rate for balance transfer credit cards went up to 12.34 percent.

The average interest rate on cash back credit card, student credit cards, travel rewards credit cards and secured credit cards remained unaltered.

The Bestcreditcardrates.com survey that ended May 20, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.64%

Average low rate credit card rate: 10.91%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.34%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.53%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.

Consumers can view current rate data for U.S. based credit cards by viewing the following categories of credit card offers: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Rates May 16, 2011

After holding steady in the previous week, the average national credit card rate moved higher by one basis point or 1/100th of a percent for the week ending May 13, 2011.  The average consumer credit card rate for the top credit card rate tier moved up to 13.63 percent after holding at 13.62 percent for the prior two weeks.

Inflation rates have ticked up for the month of March and April which often leads to higher interest rates and the Federal Reserve’s quantitative easing program is scheduled to end next month, which was implemented to keep market interest rates low thus that end to the program may very well be pushing interest rates higher. 

While these news items could be the driving forces pushing credit card interest rates higher, the current change in the average credit card rates is actually quite anemic.  The rate change of one basis point or 1/100th of a percent represents the smallest measurable change in rates in the weekly survey.  In addition, credit card rates have remained relatively flat throughout the second quarter.

The Bestcreditcardrates.com weekly credit card survey measures the national average credit card rate for new credit card offers as well as the credit card rate for seven different categories of credit cards.  For the week ending, May 13, three different credit card categories displayed rate changes while four credit card categories showed no change in the average rates offered. 

The average consumer cash back credit card rate dipped one basis point to 12.93 percent over this past week.  The average rate on balance transfer credit cards went in the opposite direction and moved higher by one basis point to 12.33 percent.  Business credit card rates were also boosted higher this week, rising to 12.52 percent.  Meanwhile, the interest rates on low rate credit cards, student credit cards, travel rewards credit cards and secured credit cards were held in check.

The Bestcreditcardrates.com survey that ended May 13, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.63%

Average low rate credit card rate: 10.90%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.33%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.52%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.

Best Credit Cards Rates May 9, 2011

The average rate for new consumer credit card offers displayed no change in the average rate as measured by the most recent survey of the best credit card rates conducted by Bestcreditcardrates.com.  The average rate on consumer credit cards in the survey ended this past week at 13.62 percent.

Since the start of the year, credit card rates have increased modestly but the second quarter of the year has seen very little rate activity.  Credit card interest rate changes in April and May had displayed some adjustments but the fluctuations in late March and early April have been remarkably stable compared to similar time periods.  The minimal activity in card rates was found in the national average rate for new card offers as well as among the various credit card categories or card types promoted by card companies. 

The national average rate on consumer credit cards held this week however, three credit card categories showed minor rate changes, one credit card category moving higher and two categories moving lower.  Low rate credit card rates crept higher by slightly more than one basis point or 1/100th of a percent.  The average rate for low rate credit card offers ended this week at 10.90 percent.

While low rate cards moved higher, business credit card rates and student credit card rates saw a rate reduction.  The average rate found on new business credit cards slipped to 12.51 percent, a one basis point cut back.  Student credit cards were lessened by one basis point as well putting the average rate down to 14.13 percent.

The remaining four credit card categories evaluated in the weekly rate survey which includes cash back credit cards, balance transfer credit cards, travel rewards credit card and secured credit cards exhibited no change in the average rates offered.

The Bestcreditcardrates.com survey that ended May 6, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.62%

Average low rate credit card rate: 10.90%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.

Consumers can view current rate data for U.S. based credit cards by viewing the following categories of credit card offers: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

The Best Credit Card Rates May 2, 2011

The average rate on new consumer credit card offers increased over the past week.  The average credit card rate moved higher by just over one basis point or 1/100th of a percent for the week ending April 29, 2011.  Although the rate change is not terribly troubling, the news is surprising in light of the year to date trend in bank lending rates and savings rates.

The concerns for slow economic output in the U.S. has put a pall over interest rates with most bank lending rates and savings rates moving lower throughout this year.  Credit card rates have been conspicuous not by their absolute rate but rather by their lack of downward movement while other bank rates have fallen.  While credit card interest rates have actually changed very little, unfortunately what movements there have been in credit card rates has been towards the upside.  In fact, credit card rates for consumer credit cards are up slightly for the year.

The average rate on consumer credit cards in the Bestcreditcardrates.com survey ended the week at 13.62 percent after holding steady for two consecutive weeks at 13.61 percent.

The Bestcreditcardrates.com weekly credit card survey measures the national average credit card rate as well as the credit card rate for seven different categories of credit cards.  Among the different credit card categories, balance transfer credit card rates, low rate credit card rates and business credit card rates moved higher.  Each of these categories experienced a one basis point change in the average rate offered on new credit cards.

Travel rewards credit card rates showed a rate reduction for the week.  The average credit card rate for travel rewards credit cards dipped by one basis point leaving the average rate at 12.73 percent.  The remaining three credit card categories displayed no substantial change in the average interest rate for new card offers.

The Bestcreditcardrates.com survey that ended April 29, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.62%

Average low rate credit card rate: 10.89%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.52%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.

The Best Credit Card Rates April 25, 2011

While inflation showed signs of creeping higher, credit card interest rates remained on the sideline.  Dueling forces have been driving the direction of overall bank rates and lending rates this year, including credit card rates.  Those forces pushing and pulling on interest rates are the fear of rising inflation rates which would propel interest rates higher and the concerns of a protracted slow down for the U.S. economy which places a damper on interest rates.

Despite the fear that Federal Reserve stimulus will push inflation rates up, the prevailing force has been the overriding concern of slow economic growth.  Slow growth leads to little demand for loans and credit which keeps a lid on interest rates as banks have ample loanable funds available.

With the outlook for interest rates in a holding pattern, the average annual percentage rate, or APR, for new credit card offers remained in check over the past week at a rate of 13.61 percent.  While the average credit card rate for the top tier credit card rates or best credit card rates available remained stable, individual credit card categories displayed slight changes in the interest rates offered.

The Bestcreditcardrates.com weekly credit card survey measures the national average credit card rate as well as the credit card rate for seven different categories of credit cards.  For the week ending, April 22, the majority of credit card offers by category were unchanged.  Business credit card rates were the one category that moved higher, closing out the week with an average rate of 12.51 percent. 

On the downside, both student credit cards and secured credit cards moved moderately lower.  Student credit card rates was reduced to 14.14 percent and secured credit cards cut back to 20.38 percent.  The remaining four credit card categories experienced no significant change in the average interest rate offered.

The Bestcreditcardrates.com survey that ended April 22, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card rate:

Average national credit card rate: 13.61%

Average low rate credit card rate: 10.88%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey evaluates credit card offers from the nation’s largest credit card companies and includes the most popular credit cards on the market including; the Chase Freedom credit card, Chase Slate credit card, Chase Sapphire, Citi Dividend card, Citi Forward credit card, Citi Simplicity card, Citi ThankYou card, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options on the market.

Consumers can view current rate data for U.S. based credit cards by viewing the following categories of credit card offers: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates Survey April 18, 2011

When it comes to credit card rates in 2011, what goes up just seems to come right back down again.  Not only have credit card rates stayed within a very narrow range this year, but for almost every weekly credit card rate increase there is a subsequent rate reversal.  This past week was no exception.  After rising one basis point or 1/100th of a percent during the last credit card rate survey, credit card rates ion new credit card offers retreated by one basis point.

Based on the most recent survey of credit card rates performed by Bestcreditcardartes.com, the average national credit card rate for the top tier of credit card rates came in at 13.61 percent, one basis point lower than the prior week or exactly where it was two weeks earlier.

This week’s rate reduction was brought on by changes in two of the seven categories of credit cards measured in the weekly rate survey.  Both, student credit card rates and business credit card rates displayed a reduction in the average rate promoted for new credit cards.  Low rate credit cards rates, cash back credit card rates, balance transfer credit card rates, travel rewards credit card rates and secure credit card rates exhibited no significant change in interest rate from the previous week.

The Bestcreditcardrates.com survey that ended April 15, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card:

Average national credit card rate: 13.61%

Average low rate credit card rate: 10.88%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.50%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.39%

The Bestcreditcardrates.com survey measures new credit card offers from the nation’s largest credit card companies including; Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

Along with the weekly credit card rate survey, Bestcreditcardrates.com maintains credit card reviews and list of credit card offers by category so consumers can objectively evaluate all of the credit card options at hand.

Consumers can view all of the research with the current rate data for U.S. based credit cards by viewing the following table: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Credit Card Rates April 11, 2011

Credit card rates increased modestly this past week even while the doggedly slow economy has forced the Federal Reserve to reiterate their position that interest rates will remain for low for an extended period of time.  Though this announcement should push bank rates and credit cards lower, credit card rates have actually increased slightly over the past week and even more so over since the year began.  Granted, the rate increases seen in new credit card offers this year have been quite mild however the changes in other bank rates have been rather appreciable towards the down side. 

Based on the most recent survey of credit card rates performed by Bestcreditcardrates.com, the average APR for new credit cards offers increased by one basis point or 1/100th of a percent.  With the one basis point increase, the national average credit card rate this week was bumped up to 13.62 percent, an increase from 13.61 percent in the previous week.

The Bestcreditcardrates.com weekly credit card rate survey measures the best credit card rates available from the biggest credit card companies and the most popular credit card deals.  The credit card rate survey measures seven different categories of credit cards.  Week over week, three credit card categories suffered an increase in interest rates while the remaining four categories of card types displayed no significant rate variation.

New offers for low rate credit cards ticked up to 10.88 percent from 10.87 percent this week.  Student credit card rates were up by a like amount, rising to 14.16 percent from 14.15 percent in the week earlier.  Travel rewards credit card rates made it a triple play by rising one basis point to an average rate of 12.74 percent.  The remaining credit card categories including cash back credit cards, balance transfer credit cards and business credit cards were wither unchanged or had a rate adjustment of less than one basis point. 

The Bestcreditcardrates.com survey that ended April 8, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card:

Average national credit card rate: 13.62%

Average low rate credit card rate: 10.88%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.39%

The Bestcreditcardrates.com survey measures new credit card offers from the nation’s largest credit card companies including; Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

The weekly credit card interest rate survey is designed to help consumers compare the best credit card rates available.  The survey results and associated credit card reviews provide a foundation for consumers to search out the credit cards that offer the lowest credit card rate with the most favorable terms to serve their financial needs.

The Bestcreditcardrates.com database of credit card offers includes low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards for consumers compare and search for the best card offer.

The Best Credit Cards and Credit Card Rates Survey April 4, 2011

The best credit card rates remained stable for the first week of April, after rising modestly to end the first quarter of 2011.  The national average credit card rate on new credit card offers remained unchanged from last week based on the most recent survey of credit card rates performed by Bestcreditcardrates.com.  The average credit card APR for the highest credit card tier or best credit card rate available per credit card held steady at 13.61 percent.

The weekly credit card rate survey measures credit card rates for new credit card offers from the largest credit card companies and covers all of the most popular credit cards.  The credit card rate used in the survey is the best available credit card rate.  The best credit card rate is generally determined by the credit card issuer based on the applicant’s credit score and credit history.

Bank rates and loan rates have moved somewhat lower during the quarter however, credit card rates have remained quite sticky and have remained stubborningly high.  Rates did decrease modestly after increasing significantly in 2010 but have failed to match the drop in interest rates that has occurred in other credit markets and bank credit products.

The most recent credit card rate survey indicated that the national average credit card rate was unchanged however, two categories of credit cards experienced very modest changes in the average rate for new card offers.  Cash back credit cards experienced an uptick in rate from 12.93 percent to 12.94 percent.  Travel rewards credit cards were down by almost equal amount but rounding rules shows the interest rate as remaining unchanged.  Overall, the national average rate changed by less one basis point or 1/100th of percent which led to no change in the average rate when displayed with just two decimal places.

The credit card rate survey reviews the rates on seven different categories of credit cards.  Along with the minor changes described above, the interest rates offered on balance transfer credit cards, low rate credit cards, student credit card, business credit cards and secured credit cards remained unaltered for the week.

The Bestcreditcardrates.com survey that ended April 1st, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card:

Average national credit card rate: 13.61%

Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.39%

The credit card companies included in the Bestcreditcardrates.com weekly rate survey include: Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

The Bestcreditcardrates.com credit card rate survey helps consumers compare credit card rates and locate the best credit card to fit their needs.  Consumer can quickly and easily review the average rates and search out the credit card that offers the lowest credit card rate with the most favorable terms to serve their financial needs.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

The Best Credit Cards and Credit Card Rates Survey March 28, 2011

Credit card rates ascended slightly to end the first quarter of 2011.  The average rate for consumer credit card offers increased just marginally, one basis point or 1/100th of a percent, for the week ending March 25, 2011  The national average credit card rate rose to a rate of 13.61 percent, up from 13.60 percent in the prior week.

Though rates on new credit card offers have been quite stable throughout most of the year, potential triggers to increasing bank rates and credit card rates are rising.  Unrest in the Middle East and the increasing commodity prices are causing uncertainty in the credit markets.  Unease over tensions in the Middle East and oil price spikes are bringing up fears of rising inflation rates. 

Higher interest rates are generally driven by increase in the rate of inflation or anticipated increases in inflation rates.  High rates of inflation are the biggest component of high interest rates including credit card rates.  Whether the fears of rising inflation will keep interest rates and credit card rates elevated will take time to pan out.

For the week ending March 25, not only did the average rate on new credit card offers increase but two of the seven categories of credit card offers monitored by Bestcreditcradrates.com saw a rise in average credit card rates for the week.  There was a slight increase in business credit card rates to 12.51 percent from 12.50 on the week and an equal rate increase on balance transfer credit card rates pushing the average rate I that category to 12.31 percent.  

The other five categories of credit cards were unchanged on the week.  Student credit card rates remained stable week over week as did cash back credit cards, low rate credit cards, travel rewards credit cards and secured credit cards.

The Bestcreditcardrates.com survey that ended March 25, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card:

Average national credit card rate: 13.61%

Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.39%

The credit card companies included in the Bestcreditcardrates.com weekly rate survey include: Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

The Bestcreditcardrates.com credit card rate survey helps consumers compare credit card rates and locate the best credit card to fit their needs.  Consumers can quickly and easily review the average rates and search out the credit card that offers the lowest credit card rate with the most favorable terms to serve their financial needs.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates Survey March 21, 2011

Borrowing costs for new credit card holders were unchanged over the past week.  With very little economic news making a significant impact on bank rates, the average interest rate on new credit card offers were held in check for the week ending March 18, 2011.  While credit card rates did increase modestly in the beginning of the year, credit card rates continue to hover only moderately higher than they were at the start of the year.

Based on the most recent survey of credit card rates on new credit card offers performed by Bestcreditcardrates.com, the national average credit card interest rate remained at 13.60 percent.

The weekly credit card rate survey monitors the rates on new credit card offers for a number of credit card categories including the credit card marketed by the biggest credit card companies and the most popular credit cards issued.  While there were some minor interest rate changes for individual offers within the survey over the previous week’s rate results, the average rates were unchanged for the national average as well as for all credit card categories individually.

The weekly credit card rate survey compares the rates on the most widely held credit cards and credit cards marketed by the nations’ largest credit card companies.  The Bestcreditcardrates.com survey that ended March 18th, 2011 presented the following credit card interest rates for the seven credit card categories as well as the national average credit card:

Average national credit card rate: 13.60%

Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.50%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.39%

The credit card companies included in the weekly rate survey include: Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

The Bestcreditcardrates.com credit card rate survey helps consumers compare credit card rates and locate the best credit card to fit their needs.  Consumer can quickly and easily review the average rates and search out the credit card that offers the lowest credit card rate with the most favorable terms to serve their financial needs.

The Bestcreditcardrates.com database of credit card offers includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Top Credit Card Rates March 14, 2011

While most bank interest rates have slipped lower over the past week, credit card rates were little changed.   Results from the most recent survey of the best credit card rates performed by Bestcreditcardrates.com indicated that interest rates being promoted on new credit card offers have fallen by just one basis point or 1/100th of a percent.  The average rate on new credit card offers across all credit card categories stepped down to 13.60 percent from 13.61 percent in the previous week.  The average APR on credit cards has held in a very tight range throughout the first quarter of the year.  

Credit card rates among the different types of credit cards measured in the weekly rate survey displayed a little more volatility than the national average rate.  The credit card rate survey evaluates the top tier credit card rates on cards that fall into the categories of low interest credit cards, cash back credit cards, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards.

The greatest rate change in the most recent survey came from rewards credit cards.  Travel reward credit cards had a decrease of two basis points in the average rate for the week.  Cash back credit cards offers also dipped lower, decreasing by one basis point.  Business credit cards moved in the opposite direction and increased one basis point as did the average rate being promoted on new cards that are labeled secured credit cards.  The interest rates on credit cards classified as low interest rate credit cards, student credit cards and balance transfer credit cards displayed no discernible change in rate from the previous week.

The weekly credit card rate survey compares the rates on the most popular credit cards as well as the most widely held credit cards and credit cards marketed by the nations’ largest credit card companies.  The Bestcreditcardrates.com survey presented the following interest rates for the seven credit card categories as well as the national average credit card for the week ending March 11th, 2011:

Average national credit card rate: 13.60%

Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.50%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.39%

Credit card companies included in the Bestcreditcardrates.com survey include: Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs.  To review some of the most popular credit card offers with the best credit card rates please see the Bestcreditcardrates.com database of which includes low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Credit Card Rate Survey March 7, 2011

Credit card promotions are starting to heat up as we enter the month of March.  New credit cards are being introduced at a faster clip by the big bank credit card companies and many existing credit cards are coming out with promotions including new cash back offers and credit card rewards promotions to attract new card applicants.  All of these credit card marketing changes however, are having no affect on credit card rates.

The average credit card rate for the week ending March 4th, 2011 was unchanged from the previous week.  This is the second consecutive credit card rate survey indicating no change in the national average credit card rate. During the most recent reporting period, not only did the average rate remain unchanged but the seven different individual credit card categories evaluated in the weekly survey were also unchanged for the week

Based on the most recent rate survey performed by Bestcreditcardrates.com, the national average credit card rate hovered at 13.61 percent.

The credit card rates covered in the weekly survey are for the best credit card rates and top tier credit card rates with regards to credit card offers that involve more than one interest rate option on the card approval. The credit cards in the survey comprise the most popular credit cards, the most widely held credit cards and the credit cards marketed by the largest credit card companies.

The Bestcreditcardrates.com survey establishes a national average credit card rate based on all credit card rates as well as the average credit card rate for seven different credit card categories.

The Bestcreditcardrates.com weekly survey presented the following interest rates for the seven credit card categories as well as the national average credit card for the week ending March 4th, 2011:

Average national credit card rate: 13.61%

Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.75%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey covers many of the largest credit card issuers in the nation as well as the most popular and widely held credit cards.  The credit card companies included in the weekly survey include: Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs.  To review some of the most popular credit card offers with the best credit card rates please see the Bestcreditcardrates.com database of which includes low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Top Credit Card Rate Survey February 28, 2011

After rising last week, credit card rates returned to a state of inactivity.  Lethargic credit card rates have been trend on new credit card offers throughout 2011 thus far.  For the week ending February 25, 2011 new credit card offers experienced no change in interest rates for the top credit card rate tiers.  Based on the Bestcreditcardrates.com credit card rate survey the credit card rates tracked in the weekly assessment held steady this week at 13.61 percent.

Credit card rates in the weekly rate survey cover the largest credit card companies and the most popular credit cards issued.  The survey measures only the top tier credit card rate when credit card companies are marketing more than one interest rate tier based in the card applicant’s credit profile or credit history.  The survey also excludes low introductory credit card offers that are specifically contracted to last for a predetermined period of time.  The weekly credit card rate survey establishes a national average credit card rate as well as credit card rates within Sven different categories of credit card products.

In this week’s credit card rate survey, one credit card category experienced an interest rate increases and one category displayed a rate reduction.  Five credit card categories displayed no discernible change in interest rates offered.

The average credit card rate for travel credit cards was higher this week, this category experienced a rate increase in the previous week as well.  The average rate for travel related credit cards stepped up to 12.75 percent from 12.74 percent in the week earlier.  The category of balance transfer credit cards had a rate decrease based on the current survey results.  The average rate for balance transfer credit card offers dipped down to 12.30 percent from 12.31 percent in the previous week.

The Bestcreditcardrates.com weekly survey presented the following interest rates for the seven credit card categories as well as the national average credit card for the week ending February 25, 2011:

Average national credit card rate: 13.61%

Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.75%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey covers many of the largest credit card issuers in the nation as well as the most popular and widely held credit cards.  The credit card companies included in the weekly survey include: Chase credit cards, HSBC credit cards, American Express cards, Discover credit cards, US Bank credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards and more.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs.  To review some of the most popular credit card offers with the best credit card rates please see the Bestcreditcardrates.com database of which includes low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Credit Card Rates February 21, 2011

Credit card rates on new credit card offers bumped up ever so slightly this past week.  This year has been a mild regarding credit card rate activity.  With the passage of the CARD Act falling into history, credit card rate increases appear to be falling into history as well.  This week’s relatively minor rate increase follows the previous week’s unchanged figure and rate decrease in the week prior to that.

While this year has seen few credit card rate increases, the average credit card rate is much higher in the first quarter of 2011 as compared to the first quarter of 2010.  Following the change in credit card regulations in 2010, a number credit card issuers rushed to change the rates they offer to variable rates as well as increasing the margin that these credit card interest rates are set at.

Credit card rates on new credit card offers increased by just one basis point or 1/100th of a percent for the week ending Feb 18, 2011.  The national average credit card rate now stands at 13.61 percent compared to 13.60 percent in the previous week.

The Bestcreditcardrates.com weekly survey compares the rates on seven different categories of credit cards. In this week’s survey, two credit card categories displayed rate increases while then remaining five categories were unchanged.  Rates on student credit cards as well as the rates on travel rewards credit cards experienced the rate increase and low rate credit cards, balance transfer credit cards, cash back credit cards, business credit cards and secured credit cards exhibited no net change in interest rates.

Interest rates for the seven credit card categories as well as the national average credit card are listed as follows for the week ending February 18, 2011:

Average national credit card rate: 13.61%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

The weekly credit card rate survey performed by Bestcreditcardrates.com includes the rates offered on new credit cards for only the top credit card rate tiers available and excludes any short term, introductory credit card rate offers.

The Bestcreditcardrates.com survey covers many of the largest credit card issuers in the nation.  Credit cards and credit card companies in the weekly survey include: Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs.  To review some of the most popular credit card offers and the best credit card rates please see the Bestcreditcardrates.com database of which includes low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates February 14, 2011

Credit card rates on new credit card offers were unaltered for the week ending February 11th, 2011. After moving modestly lower in the previous week, the best credit card rates offered on new credit cards remained unchanged over this past week. Based on the most recent of credit card rates performed by Bestcreditcardrates.com, the average rate for new credit card offers across all credit card types held at 13.60 percent.

Not only was the average credit card rate unchanged, but the interest rates marketed on new credit cards by each category in the survey also remained even. The Bestcreditcardrates.com weekly credit card rate survey calculates the interest rates and changes in interest rates on seven different categories of credit cards. The credit card categories in the survey includes: low rate credit cards, balance transfer credit cards, cash back credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards.

Consumers that are shopping for new credit card that have considered a good credit profile and good credit score will be able to find credit card offers and credit card rates that are very competitive across a wide range of credit card types.

Interest rates for the seven credit card categories as well as the national average credit card are listed as follows for the week ending February 11th, 2011:

Average national credit card rate: 13.60%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey of credit card interest rates covers many of the largest credit card issuers in the nation. The survey is performed weekly and includes the rates for only the top credit card rate tiers available and excludes short term, introductory credit card rates.

Credit cards and the credit card rates that are included in the survey include credit card offers from the following credit card companies; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

The Anomaly of Minimum Credit Card Payments

Federal law mandates monthly credit card statements disclose a minimum credit card payments based on the credit card rate and outstanding credit card balance. Recently, the mandatory minimum amounts that have to be displayed by the credit card companies on the monthly statement had been increased.

Increased minimum monthly payment requirements on credit card statements are intended to help credit card holders make a payment that is sufficient enough to cover the credit card interest charges and principal to avoid having a credit card balance that is not being reduced with regular monthly payments. The perennial problem with minimum credit card payments is that these payments often fail to bring the account holders down to a manageable level on a short period of time.

Minimum monthly credit card payments generally fail in assisting cardholders in reducing their credit card balances significantly. Rising consumer credit card debt indicates some evidence that consumer payment amounts are not achieving a goal of reducing consumer debt.

While the increased minimum monthly payment amounts were established with good intentions, the outcome appears to be anything but good. Since the credit card statement identifies the minimum monthly payment that is required by the credit card account holder, many consumers simply make this minimum payment instead of making a larger payment towards the outstanding balance. The minimum payment displayed convinces consumers that making just the minimum monthly credit card payment is an acceptable outcome.

New theories in consumer payment choices now suggest that credit card holders that would normally pay a more substantial percentage of the their outstanding credit card balance, pay less when they are confronted with the minimum required amount.

Cardholders that may have been inclined to pay a larger installment amount on the credit card balance often make just the minimum payment instead since this figure is presented to them directly next to the payment section of their credit card statement. In theory, the cardholders that are presented with the minimum monthly payment amount will pay at least this amount and reduce their credit card balance faster. In reality, more consumers pay just the minimum amounts indicated on their credit card statements, which increases the interest charges significantly before the credit card balance is paid off.

Though these minimum payments have increased due to Federal Reserve regulations, the minim payments on credit card statements are usually small amounts. The increase in credit card interest charges is based on the low minimum payments that are established on the monthly credit card statement.

To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates February 7, 2011

Interest rates on new credit card offers declined modestly for the week ending February 4th, 2011. The overall rate for new credit card offers was lower by one basis point or 1/1100th of a percent which brought the average credit card rate down to 13.60 percent.

Changes to new credit card offers this year have been restrained with the bulk of the credit card changes within the credit card industry continuing to be with introductory credit card rate offers and credit card reward programs. With aggressive pricing in introductory credit card rates and new credit card rewards offers, even while credit card rates are little changed there are still offers that could benefit smart credit card shoppers.

With only a minor change in the overall credit card rates this week, the majority of the seven credit card categories measured in the weekly Bestcreditcardrates.com survey experienced no rate changes. The exception to the stagnant rates were a rate reduction in balance transfer credit card rates as well as student credit cards and a rate increase for cash back credit cards.

The Bestcreditcardrates.com weekly credit card survey measures changes in the national average credit card rates as well credit card rates for seven different categories of credit card offers. This week’s credit card rate survey results are based on data retrieved directly from the credit card companies as of the close of February 4, 2011.

The average credit card rates by category from this week’s survey included the following interest rates for the best credit card tiers:

Average national credit card rate: 13.60%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey of credit card interest rates covers the largest credit card issuers in the U.S. The survey is performed weekly and includes the rates for only the top credit card rate tiers available and excludes short term, introductory credit card rates.

Credit card rates involved in the survey include the credit card offers from the following credit card companies; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates January 31, 2011

Credit card interest rates have moved within a very narrow range for most of 2011. This week’s survey results for new credit card offers continues that trend. For the week ending January 28, 2011 the interest rates on new credit card offers was unchanged from the week earlier. The average credit card interest rate on new credit card offers held at 13.61 percent.

Very few credit card campaigns were displaying rate changes in this week’s Bestcreditcardrates.com survey. Almost three quarters of all credit card campaigns had identical interest rates week over week with some of the smaller credit card companies displaying minor increases as well as some decreases which resulted in the net effect of an unchanged average rate.

Since the credit card rate survey breaks down credit card rates by category, there were changes in within the seven different categories measured even while the national average was unaltered. Two credit card categories experienced rate reductions while one credit card category had a net increase in the average interest rate.

The weekly credit card survey performed by bestcreditcardrates.com measures changes in the national average credit card rates as well credit card rates for seven different categories of credit card offers. For the week ending January 28, only the card category for balance transfer credit cards displayed a higher credit card rate and travel rewards cards along with cash back credit cards showed lower rates. The remaining four credit card categories had unchanged interest rates.

Credit card rate survey results are based on data as of the close of January 28, 2011. The average credit card rates by category from this week’s survey included the following interest rates for the best credit card tiers:

Average national credit card rate: 13.61%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.92%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey of credit card interest rates covers the largest credit card issuers in the U.S. The survey is performed weekly with all rates obtained directly from the credit card companies for only the top credit card rate tiers available.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates January 24, 2011

The average interest rates on new credit card offers increased marginally for the week ending January 21, 2011. The average credit card interest rate new credit card offers increased by just one basis points or 1/100’s of a percent for the week. The average annual percentage rate on new credit card offers now stands at 13.61 percent.

While the average credit card rate changed for the week, the vast majority of credit card offers remained unchanged. Less than 20 percent of the credit card companies in this week’s survey altered their rates from the previous week.

The weekly credit card survey performed by bestcreditcardrates.com measures changes in the national average credit card rates as well credit card rates for seven different categories of credit card offers. For the week ending January 21, only three credit card categories higher credit card interest rates while the remaining four credit card categories unchanged.

Credit card rate survey results are based on data as of the close of January 21, 2011. The average credit card rates by category from this week’s survey included the following interest rates for the best credit card tiers:

Average national credit card rate: 13.61%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.74%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey of credit card interest rates covers the largest credit card issuers in the U.S. The survey is performed weekly with all rates obtained directly from the credit card companies for only the top credit card rate tiers available.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates January 17, 2011

The average rate on new credit card offers moved modestly higher for the week ending January 14, 2011. The rate change was relatively mild as the vast majority of credit card companies left their rates unchanged. Less than 20 percent of the credit card offers in the weekly credit card rate survey experienced a change in interest rates.

The average credit card interest rate new credit card offers increased by two basis points or 2/100’s for the week. The average annual percentage rate on new credit card offers now stands at 13.60 percent.

The increase in rates is especially modest relative to changes in other lending rates. Since December 2010, ten year Treasury rates have increased 35 basis points while credit card rates have changed by less than ten. National mortgage rates have also surpasses the increase seen in credit card rates with the average 30 year mortgage rate higher by approximately 20 basis points.

As part of the weekly survey, bestcreditcardrates.com measures changes in the national average credit card rates as well credit card rates for seven different categories of credit cards. For the week ending January 14, three categories of credit card offers displayed higher interest rates while the remaining four credit card categories unchanged.

Credit card rate survey results are based on data as of the close of January 14, 2011. The average credit card rate by credit card category from this week’s survey included the following credit card interest rates:

Average national credit card rate: 13.60%
Average low rate credit card rate: 10.86%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The credit card rate survey compiles credit card interest rates from only the top credit card rate tiers available from credit card companies.

The Bestcreditcardrates.com survey of credit card interest rates covers the largest credit card issuers in the U.S. The survey is performed weekly with all rates obtained directly from the credit card companies.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

The Best Credit Card Rates January 10, 2011

The national average credit card rate on new credit card offers was unchanged for the week ending January 7, 2011. The average credit card interest rate for the top tier of credit card offers, remained at 13.58 percent.

Credit card rate adjustments from the major bank credit card issuers have remained in a very narrow for several weeks. 2010 was a volatile period for credit card interest rates, with credit card rates gyrating by several basis points from week to week before settling down as the year came to close. The start of 2011 has continued with limited interest rate activity as credit card rates have remained within two basis points or 2/100’s of a percent since the year started.

Individual credit card APR’s did display minor changes within credit card categories but these changed amounted to a total of less than one basis point and therefore had no impact on the overall average rate.

The Bestcreditcardrates.com survey of credit card interest rates covers the largest credit card issuers in the U.S. The survey is performed weekly with all rates obtained directly from the credit card companies. The survey results include the national average credit card rate as well as credit card rates for seven different categories of credit cards including; low interest rate credit card offers, cash back credit card offers, balance transfer credit cards, student credit card offers, business credit cards, travel rewards credit cards and secured credit cards.

Survey results are based credit card rate data as of the close of January 8, 2011. The average credit card rate by credit card category from this week’s credit card rate survey included the following credit card interest rates:

Average national credit card rate: 13.58%
Average low rate credit card rate: 10.85%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.71%
Average secure credit card rate: 20.38%

The credit card rate survey compiles credit card interest rates from only the top credit card rate tiers available from credit card companies.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To find the latest credit card offers by credit card category please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates January 3, 2011

Credit cards moved modestly lower to close out the year. The average credit card interest rate on new credit card offers was down by two basis points or 2/100’s of a percent for the week ending December 31, 2010. The average credit card rate, covering all categories of credit card offers with the exception of short term introductory credit card offers, came in at 13.58 percent for the final week of 2010.

As 2010 came to close, consumer credit card debt dropped measurably for the year as did credit card delinquency rates. These factors are driving higher profits for the credit card companies. The increase profits are allowing the big bank credit card issuers the opportunity to increase credit card promotions and decrease credit cards rates, albeit at a very limited level.

The Bestcreditcardrates.com survey of credit card interest rates is performed weekly and includes the credit card rates for seven different categories of credit cards including; low interest rate credit card offers, cash back credit card offers, balance transfer credit cards, student credit card offers, business credit cards, travel rewards credit cards and secured credit cards.

The average APR on credit card offers dropped for business credit cards, cash back credit cards and balance transfer credit cards with the remaining credit card categories experiencing no significant change in interest rate week over week.

The average credit card rate for the top tier credit card rate offers by credit card category from this week’s credit card rate survey included the following credit card interest rates:

Average national credit card rate: 13.58%
Average low rate credit card rate: 10.85%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.30%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.49%
Average travel rewards credit card rate: 12.71%
Average secure credit card rate: 20.38%

Survey results are based credit card rate data as of the close of December 31, 2010. The credit card rate survey compiles credit card interest rates from only the top credit card rate tiers available from credit card companies.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best credit card rates available by credit card category in the Bestcreditcardrates.com database of credit card offers please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Credit Card Expansion Seen in 2011

With credit card debt declining and bank balance sheets improving, increased credit card marketing and expansion is likely in 2011. New and existing credit card holders may very well benefit from these coming changes.

Credit card debt of U.S. consumers has been in a fairly steady decline throughout 2009. Based on reports by the Federal Reserve, total revolving consumer debt started the year 2010 at $865.8 billion and has been whittled down to $796.5 billion by the end of November. The final yearend figures have not been released by the Fed, but the total through 11 months in 2010 is an over $69 billion reduction in revolving consumer debt. This reduction is on top of the draw down in consumer debt for 2009 of over $91 billion.

Year over year declines in consumer debt has not been reported on the Federal Reserve statistical release in the past 20 years.

In conjunction with a reduction on total credit card debt, credit card delinquencies with major bank credit card companies have also been falling. As of the close of third quarter, the delinquency rate on credit cards has fallen to 4.63 percent from 6.34 percent at the start of 2010, based on data also supplied by the Federal Reserve. Charged off credit card accounts have also dropped, coming down to 8.39 percent from 9.85 percent at the onset of 2010 and well off of the high of 10.37 percent reached in the second quarter of 2010.

As the health of bank credit card portfolios improves, with reduced credit card delinquencies, and economic activity continues to expand, credit card use is likely to expand. In addition, these two factors will continue to drive aggressive marketing by credit card companies to attract new credit card customers.

The increased marketing efforts by the major credit card companies are likely to lead to some softening of the approval requirements for credit cards. Subprime lending standards are far from ever reentering the lending market; however, healthier bank balance sheets and reduced consumer credit card delinquencies should allow credit card companies to make their approval requirement for new credit card offers less stringent than they presently stand.

An additional factor that may potentially reverse the trend of less credit card use and fewer credit cards is an uptick in the U.S. economy. Predictions from many economists call for greater economic growth in 2011 in fact, the Federal Open Market Committee meeting in November concluded that the economic recovery is continuing and household spending is increasing at a moderate pace.

As consumer spending grows modestly with the growth in the economy, credit card needs should grow as well. Increases in credit card spending should expand throughout the year as the consumer spends and banks look to grow their now considerably more profitable credit card business.

The current expectations for 2011 call for an increase in credit card spending, increased credit card marketing and moderately lower credit card approval standards. For the consumer, this is a time to monitor individual credit card debt to avoid future problems as well as capitalize on the promotional credit card offers. With new credit card offers hitting the market, consumer need to be vigilant to obtain a credit card with the best credit card rate and best terms including the best credit card rewards that fits their needs.

To review some of the best credit card rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers that includes: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates December 27th, 2010

The average interest rate on new credit card offers held steady for the week ending December 24th, 2010. During the abbreviated holiday week, interest rates on new credit card offers for the best credit card rate tiers changed by less than one basis point or 1/100 of a percent based on the current survey of credit card rates performed by Bestcreditcardrates.com.

The average credit card rate offered by the largest bank credit card companies including the most popular consumer and business credit cards remained at 13.60 percent for the second consecutive week.

The average credit card rate changed in just two categories of credit cards, low rate credit cards and balance transfer credit cards. The changes in these credit card rates amounted to less the one basis point and had no affect on the overall national average credit card rate.

Bank lending rates have settled down as the 2010 comes to a close, with most rates little changed for the week. Mortgage rates and Treasury rates, which had been rising since November, moved in unison with national credit card rates and moved within a very narrow range by the close of the week.

The average credit card rate by credit card category from this week’s credit card rate survey ending on December 24th, 2010 included the following credit card interest rates:

Average national credit card rate: 13.60%
Average low rate credit card rate: 10.85%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.71%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey of credit card interest rates is performed weekly. The credit card rate survey compiles credit card interest rates from only the top credit card rate tiers available from credit card companies. The Bestcreditcardrates.com weekly credit card survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers for low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

To review some of the best credit card rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers that includes: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates December 20th, 2010

Credit card rates never stay low for very long. This past week made that position clear once again. After beginning a mini trend downwards, credit card rates turned direction and headed north for the week ending December 17, 2010.

The average of the best credit card rates from the largest credit card companies made a rather significant turn upwards at the end of the week. The average credit card rate, covering all categories of credit cards for the top tier credit card rate, was higher by three basis point or 3/100’s of a percent. The average rate settled at 13.60 percent after falling the week before to an average rate of 13.57 percent.

Credit card rate increases were present in several categories of card offers by more than one major credit card company. This week’s credit card interest rate increases were apparent in low interest rate credit card offers, cash back credit card offers, travel rewards credit card offers and student credit card offers. The average credit card rate was lower in just one credit card category, balance transfer credit cards and remained unchanged for two categories of card offers, secured credit cards and business credit cards.

The average credit card rate by credit card category from this week’s credit card rate survey ending on December 17th, 2010 included the following credit card interest rates:

Average national credit card rate: 13.60%
Average low rate credit card rate: 10.85%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.31%
Average student credit card rate: 14.14%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.71%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey of credit card interest rates is performed weekly and includes the credit card rates from the largest bank credit card companies as well as the most popular consumer and business credit cards. The survey compiles rates from only the best credit card rate tiers available from these credit card issuers. The Bestcreditcardrates.com weekly survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best credit card rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers that includes: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Kardashian Prepaid Credit Card Backlash Continues for Prepaid Card Industry

The Kardashian prepaid credit card was marketed with all the attention one would expect from the name on the card, unfortunately the card was quickly withdrawn from the market with just as much headline grabbing attention. The Kardashian prepaid MasterCard debit card has been cancelled predominantly due to the bad press and attention over its substantial fees. Now, the debate over prepaid card fees is starting to kick into high gear.

After the Kardshian prepaid credit card has been put to rest, one prominent congressman is proposing new regulations to limit prepaid credit card costs and fees. Senator Richard Durbin of Illinois started the ball rolling on credit card fees when he proposed regulation for the swipe fees paid by merchants and retailers paid to credit card companies and banks for debit card usage. Durbin is now looking at similar rules to restrict what was referred to as “abusive fees” associated with the purchase and use of prepaid cards.

Senator Durbin penned a letter to Elizabeth Warren who is the adviser of the new Consumer Financial Protection Bureau, requesting the newly empowered department closely monitor the market, fees and terms of the prepaid credit card market, and to inform consumers about deceptive and abusive products that may be present with the use of some of these products and services.

Senator Durbin had been instrumental in adding an amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act that requires regulators to regulate debit card interchange fees or swipe fees that are paid by retailers to credit card issuers and banks are reasonable and proportional to the cost incurred by the credit card issuer. The senator is now focusing in on exemptions that exist for most prepaid debit cards.

With regards to the Kardashian prepaid card, one states Attorney General referred to the card as predatory because of its high costs and fees. There are, of course, similar prepaid cards on the market with abnormally high fees and costs. The promotion by the Kardashian sisters simply brought more attention to this particular card and its high costs.

Prepaid credit cards or prepaid debit cards are designed to function like a checking account debit card by allowing consumers to make transactions based on an amount of funds that are deposited with the card. The cards have garnered increased scrutiny for charging card holders excessive fees for services such as activation, checking the card balances, depositing additional funds, customer service request and other seemingly standard credit functions and requests.

To review some of the best credit card rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers that includes: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates Survey December 13th, 2010

The best credit card rates from the largest credit card companies made a modest drop for the week ending December 10th, 2010. The average credit card rate, covering all categories of credit cards for the top tier credit card rate, was lower by one basis point or 1/100th of a percent. With the one basis point rate cut, the national average credit card rate closed the week at 13.57 percent, down from 13.58 percent in the previous week.

The credit card rate reduction this week follows a significant decrease in the average rate, four basis points, from the previous week. This week’s decline in the average credit card rate was brought on by only minor adjustments from a few of the smaller credit card issuers in select credit card categories.

Among the seven card categories included the Bestcreditcardrates.com weekly credit card rate survey, the average credit card rate was lower in just two categories while five credit card rate categories were either unchanged or moved by less than one basis point.

The interest rate cut back this week occurred in the category of travel rewards cards and business credit cards. Balance transfer cards, student cards, cash back cards, low rate credit cards and secured credit card interest rates were all unaltered on the week.

The average credit card rate by category from this week’s credit card rate survey ending on December 10th, 2010 included the following credit card interest rates:

Average national credit card rate: 13.57%
Average low rate credit card rate: 10.83%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.69%
Average secure credit card rate: 20.38%

The Bestcreditcardrates.com survey of credit card interest rates is performed weekly. The survey compiles rates from a variety of credit card companies and lists only the best credit card rate tiers available from these credit card issuers. The weekly survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best credit card rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers that includes: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates December 6th, 2010

Credit card rates decreased measurably for the week ending December 3rd, 2010. In fact, credit card rates made their largest drop in one week so far this year. The average national credit card rate decreased by four basis points or 4/100’s of a percent week over week.

The average national credit card rate, covering all categories of credit cards, closed the week at 13.58 percent.

Once again, credit card rates refused to follow the general direction of bank rates. Bank lending rates have slowly moved higher in recent weeks with mortgage rates up measurably along with long term Treasury rates. Credit card rates were on a long term move higher throughout most of the year as bank rates in general were pushed much lower. Now, bank rates have moved decidedly higher and credit card rates are moving in the opposite direction.

Credit card rate changes in this week’s survey were moved in part by minor rate reductions in some large credit card issuers. Low rate credit cards saw an exceptionally large drop in the average rate offered followed by rate reductions in balance transfer credit card rates, student credit card rates and travel rewards credit card rates.

The weekly credit card rate survey performed by Bestcreditcardrates.com covers seven different credit card categories, including: low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards. The rate reductions found on low rate cards, balance transfer cards, student cards and travel rewards card was accompanied unchanged credit card rates on cash back cards, business credit cards and secured credit cards.

The average credit card rate in the Bestcreditcardrates.com weekly survey is compiled by surveying the best credit card rates on the most popular credit cards available from the largest credit card companies.

The result for this week’s credit card rate survey concluded on December 3rd, 2010 included the following rates by category as well as the national average rates:

Average national credit card rate: 13.58%
Average low rate credit card rate: 10.83%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.32%
Average student credit card rate: 14.13%
Average rate on business credit cards: 12.52%
Average travel rewards credit card rate: 12.70%
Average secure credit card rate: 20.38%

The credit card rates compiled in the weekly survey are for the best credit card rate tiers available from the credit card issuers. The Bestcreditcardrates.com weekly survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

The Credit Card Industrys Fight Over Debit Card Fees

The Federal Reserve has proposed lowering the fees that merchants and retailers pay to the banks and credit card companies when a transaction is made with a debit card. The intention of the proposed caps on debit card fees is to reduce the cost of the transaction which will reduce the cost to the merchant and in turn reduce the cost of the consumer, assuming the merchants pass their savings along to the consumer.

The fees that merchants pay to the credit card companies and banks for making a transaction with a debit card is referred to as the interchange fee. The debt card interchange fees or interchange rates are set by credit card processors such as Visa and MasterCard and paid to banks as an incentive to use the card networks.

Congress required that the Fed intervene to regulate and limit debit card interchange fees, the requirement was included with other financial regulations that Congress approved in the first half of 2010.

The retail industry is looking forward to a cap on these fees which they believe are excessive and do to the clout of the credit card industry and the big banks that handle the transactions, they have very little bargaining power to negotiate lower debit card transaction fees on their own.

The proposed rule changes will apply only to debit cards. Credit cards and prepaid cards would not be covered by new rules, should new rules regarding debit card fees be put in place by the Fed. The Fed also states that banks with less than $10 billion in total assets would also not be subject to the new rules.

According to information produced by the Federal Reserve, the average fee paid by merchants on debit card transactions is 44 cents per debit card transaction.

The Fed proposal would limit debit card fees by either placing a cap on the maximum fee or a range of fees that would be acceptable. The cap being considered is approximately 12 cents per transaction and the range of fees proposal would involve a formula to determine the maximum interchange fee that would be imposed, based on the costs incurred by the bank to process debit transactions. The Fed solution would also involve require that the transaction fee cap be reevaluated every two years to see if the fee will need to be readjusted either higher or lower to reflect actual costs including that of card fraud protection.

If there is a new interchange transaction fee put in place the outcome for consumers with credit cards and debit cards is far from clear. The new rules will not have a directive from the Fed forcing retailers to lower their prices to reflect a reduction in new interchange rates. It is certainly possible that the retailers will keep the additional profits and the banks and credit card companies will raise fees elsewhere to make up for any lost revenue.

A reduction in debit card fees would benefit retailers big and small and could cost the credit card industry and banking industry millions of dollars. The fee reduction would also have some impact on the revenue at all credit card / debit card issuers such as Capital One, Citigroup, Chase, Visa and MasterCard.

The Fed is still gathering data and comments for the options to determine the interchange fees for future debit card use.

To review credit cards and credit card rates by category, please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates November 29th, 2010

The average credit card rate for the best credit card rate tiers available nationally moved marginally lower for the week ending November 26, 2010. The average credit card rate, covering all categories of credit cards, was one basis point or 1/100th of percent lower for the week leaving the average credit card rate at 13.62 percent.

Credit card rates have recently been moving more closely with market interest rates. At the start fourth quarter, with bank rates moving decisively lower, credit card rates bucked the trend and moved higher. Now, credit card rates have started to move in tandem with bank rates and are steadily moving lower. It is unquestionably a slow and bumpy move lower but at least, from the consumer’s perspective, credit card rates are finally coming down.

The rate change this week was driven by only mild rate changes, the vast majority of credit card issuers kept their rates unchanged from the previous week. Cash back credit cards was only the category of credit cards to display a rate change that was equal to or greater than 1/100th of a percent.

The average credit card rate in the weekly survey is compiled by surveying the best credit card rates on the most popular credit cards available from the largest credit card companies. The survey covers seven different credit card categories, including: low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards.

The result for this week’s credit card rate survey included the following rates by category as well as the national average rates:

Average national credit card rate: 13.62%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.93%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.52%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The credit card rates compiled in the weekly survey are for the best credit card rate tiers available from the credit card issuers. Only the top credit card rate is included in the report. The survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers: low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.
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National Credit Card Rates November 22nd, 2010

Credit card rates dipped lower for the week ending November 19, 2010. The latest rate reduction in credit card rates was quite mild however; credit card rates have now fallen for three consecutive weeks.

The average credit card interest rate on new credit card offers moved down to 13.63 percent for the week, one basis point or 1/00th of a percent lower than the previous week.

This week’s rate change in the average credit card rate for all categories was brought on predominantly by minor rate reductions in student credit card rates and cash back credit card rates.

The average rate in the weekly survey is compiled by surveying the best credit card rates on the most popular credit cards available from the largest credit card companies covering seven different credit card categories. The seven credit card categories includes; low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards.

Student credit card rates had fallen by one basis point on the week, while the average cash back credit card rate dipped by just less than one basis point. The remaining five credit card categories displayed a less than one basis point change in rate.

The rates from this week’s best credit card rates survey which includes the national average credit card rate and the credit card rates for all seven credit card categories for November 19, 2010included:

Average national credit card rate: 13.63%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.52%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The credit card rates compiled in the weekly survey are for the best credit card rates available from the credit card issuers. For tiered credit card rates, only the top credit card rate is included in the report. The survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review credit cards and credit card rates by category, please see low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

The Best Credit Card Rates Survey November 15, 2010

The national average on the best credit card rates remained unchanged this week. The average credit card rate across all categories of credit cards ended the week at 13.64 percent, the same rate found in the previous week.

Credit card rates have remained stubbornly high throughout the year as Treasury rates and bank rates had moved significantly lower. Recent weeks have seen some thaw in rates, albeit on a limited scale. This week’s rate inactivity in credit card rates shows just how fickle bank credit card companies can be when it comes matching the interest rates movements in the overall lending market place.

A positive note form the survey is the expansion of introductory credit card rates. The published weekly survey of credit card rates excludes any short term introductory rate offers or promotional rates but the data is still contained within the survey. This week, more than of the largest bank credit card companies extended the term on the term on their promotional zero percent introductory credit card offers. The introductory rates changes did not alter the standard rates on the cards that are used in the published rates data.

The BestCreditCardsRates.com credit card rate survey is conducted weekly. The surveys captures the rates from the largest credit card companies to calculate the average credit card rate on new credit card offers across seven different credit card categories.

Among the seven different credit card categories, the only rate changes amounted to less than one basis point and therefore did not change the displayed rates week over week.

The rates from this week’s best credit card rates survey which includes the national average credit card rate and the credit card rates for all seven credit card categories for November 12, 2010 included:

Average national credit card rate: 13.64%
Average low rate credit card rate: 10.86%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.34%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.53%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The credit card rates compiled in the weekly survey are for the best credit card rates available from the credit card issuers. For tiered credit card rates, only the top credit card rate is included in the report.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers for low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

National Credit Card Rates November 8th, 2010

Credit card rates dipped down this past week. The average rate on the most recent credit card rate survey showed the average credit card rate for new credit card offers had fallen by three basis points or 3/100’s of percent. The interest rate reduction brought the average credit card rate down to 13.64 percent.

The weekly credit card rate survey performed by Bestcreditcardrates.com surveys the largest credit card companies weekly to calculate the average credit card rate on new credit card offers across seven different credit card categories.

While the average credit card rate had decreased, not all credit card categories had lower interest rates. Business credit card rates were higher by one basis point on the week with an average rate of 12.53 percent. Secured credit card rates, which is a category of credit cards that experiences very few rate changes, also increased by one basis point to an average rate of 20.38 percent. Fortunately, a number of credit card categories displayed lower rates on average for the week.

Among the lower credit card rate categories were the low rate credit card offers, balance transfer credit card offers, travel rewards credit cards and student credit cards. Cash back credit card rates were unchanged from the previous week.

The credit card rates from this week’s best credit card rates survey for November 5th, 2010 included:

Average national credit card rate: 13.64%
Average low rate credit card rate: 10.86%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.34%
Average student credit card rate: 14.15%
Average rate on business credit cards: 12.53%
Average travel rewards credit card rate: 12.72%
Average secure credit card rate: 20.38%

The credit card rates compiled in the weekly survey are for the best credit card rates available from the credit card issuers. For tiered credit card rates, only the top credit card rate is included in the report. The survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances.

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs. Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers for low interest rate credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

National Credit Card Rates October 29th, 2010

Credit card rates once again headed lower for the week ending October 29, 2010.  Credit card rates had broken a three week down trend last week when the average credit card rate on new credit card offers ticked up, however that change had reversed itself and credit card rates once again moved lower based on the average rate found in the most current survey of national credit card rates.

The average credit card rate this week, based on the weekly survey of credit card rates performed by Bestcreditcardrates.com, was down two basis points or 2/100’s of a percent drawing the average rate down to 13.67 percent. 

The weekly credit card rate survey performed by Bestcreditcardrates.com surveys the largest credit card companies weekly to calculate the average credit card rate on new credit card offers across seven different credit card categories.

Among the seven different credit card categories, low rate credit cards, balance transfer credit cards and cash back credit cards experienced rate reductions.  Business credit card rates moved marginally higher while student credit card rates, travel credit card rates and secured credit cards rates held firm on the week.

The rates from this week’s best credit card rates survey which includes the national average credit card rate and the credit card rates for all seven credit card categories for October 29th, 2010 included: 

Average national credit card rate: 13.67%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.35%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.52%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The credit card rates compiled in the weekly survey are for the best credit card rates available from the credit card issuers.  For tiered credit card rates, only the top credit card rate is included in the report.  The survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances. 

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs.  Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers for low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

Best Credit Card Rates October 25th, 2010

Credit card rates on new credit card offers ended a three week winning streak in which the average rate for new credit card offers had dipped lower for three consecutive weeks.  For the week ending October 22, 2010 credit card rates reversed that trend and closed two basis points higher, a basis point is equal to 1/100 of a percent.  The average rate this week, based on the weekly survey of credit card rates performed by Bestcreditcardrates.com ended at 13.69 percent.  The average credit card rate for the best credit tier on new offers had a rate of 13.67 percent in the previous weekly credit card rate survey.

The average credit card rate compiled in the weekly best credit card rates survey is a composite rate of some of the most popular credit cards available form the largest credit card companies covering seven different credit card categories.  The seven credit card categories includes; low rate credit cards, cash back credit cards, balance transfer credit cards, student credit cards, business credit cards, travel rewards credit cards and secured credit cards.

Rate increases for the week were seen on new low rate credit offers, travel rewards credit card offers, balance transfer credit card offers and cash back credit card offers.  The average credit card rate on business credit cards, student credit cards and secured credit card were either unchanged or had a rate change of less than one basis point.

The rates from this week’s best credit card rates survey which includes the national average credit card rate and the credit card rates for all seven credit card categories for October 22th, 2010 included: 

Average national credit card rate: 13.697%
Average low rate credit card rate: 10.88%
Average cash back credit card rate: 12.95%
Average balance transfer credit card rate 12.36%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.73%
Average secure credit card rate: 20.38%

The credit card rates in the survey are for the best credit card rates available.  For tiered credit card rates, only the top rate is included.  The survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances. 

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs.  Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers for low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers for low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards

Best Credit Card Rates Fall Again October 18th, 2010

Credit card rates have now made it three in a row.  That’s three consecutive weeks of lower credit cad rates.  This may not seem like a news worthy story based on overall interest rate trends in 2010.  However, credit card rates have paid little attention to other lending rates and bank rates such as mortgages, car loans and CD rates which are all measurable lower on the year. 

Finally, credit card rates seemed to absorb the impact on new legislation and are following the signals in the interest rate markets and moving in the same direction of other bank rates..

The average credit card rate for new credit card offers ended the week at 13.67 percent which is two basis points or 2/100’s of a percent lower than the previous week.  

The average credit card rate is a composite rate of some of the most popular credit cards available form the largest credit card companies covering seven different credit card categories.  Of the seven credit categories in the survey, low rate credit card offers, cash back credit card offers and student credit card offers displayed reduced rates.  The average credit card rate on balance transfer credit cards, business credit cards, travel rewards credit card and secured credit card were unchanged.

The rates from this week’s best credit card rates survey which includes the national average credit card rate and the credit card rates for all seven credit card categories for October 18th, 2010 included: 

Average national credit card rate: 13.67%
Average low rate credit card rate: 10.87%
Average cash back credit card rate: 12.94%
Average balance transfer credit card rate 12.33%
Average student credit card rate: 14.16%
Average rate on business credit cards: 12.51%
Average travel rewards credit card rate: 12.71%
Average secure credit card rate: 20.38%

The credit card rates in the survey are for the best credit card rates available.  For tiered credit card rates, only the top rate is included.  The survey excludes any short term introductory rates or promotional rate offers for transferring credit card balances. 

With the credit card rate survey, consumers can use the data to help choose the best credit card with the best credit card rate to match their needs.  Credit card company rates involved in the survey include; Chase credit cards, Discover credit cards, Capital One credit cards, Citibank credit cards, Wells credit cards, Bank of America credit cards, US Bank credit cards and more.

To review some of the best rates available among the various credit card categories, check Bestcreditcardrates.com database of credit card offers for low interest credit cards, cash back credit cards, rewards credit cards, balance transfer credit cards, prepaid credit cards, credit cards for bad credit and secured credit cards.