Low Interest Credit Cards:

• Low Interest Credit Cards
• 0% Introductory Offer Credit Cards
• 0% Balance Transfer Credit Cards

Reward Credit Cards:

• Cash Back Credit Cards
• Credit Card Reward Programs
• Travel Credit Cards
• Gas Credit Cards
• Automotive Credit Cards

Business Credit Cards

Bad Credit Credit Cards:

• Secured Credit Cards
• Unsecured Credit Cards

Student Credit Cards:

• Low Interest Student Credit Cards
• Student Credit Cards with Rewards

Complete Credit Card List:

• Complete Credit Card List

August 31, 2010

Current Averages:

• Average consumer credit card rate, overall market: 16.79%
• Average credit card rate, non-reward consumer cards: 15.22%
• Average reward credit card rate: 17.46%
• Average student credit card rate: 16.23%
• Average business credit card rate (non-reward): 14.47%
• Average business reward credit card rate: 15.74%

One year after the first batch of rules from the Credit CARD Act went into effect, overall consumer credit card rates remained perched at 16.79 percent, almost two percentage points above the year-ago average, according to the latest survey by IndexCreditCards.com.

Rates for all types of credit cards remained stable since the last survey two weeks ago, except for business credit cards (non-reward), which rose to 14.47 percent from 13.75 percent, and business reward credit cards, which dropped to 15.74 percent from 15.92 percent. Any drop in rates is good news for entrepreneurs who rely on credit cards to finance capital and help with cash flow. With commercial bank lending tight, credit cards are an important financing tool for many small-business owners.

New federal rules stemming from the Credit CARD Act do not apply to business credit cards, although some issuers have voluntarily extended consumer protections, such as the ban on interest rate increases on existing balances, to small-business customers.

The new rules for consumer accounts went into effect in phases, starting a year ago when issuers were required to give customers notice for interest rate increases and an opportunity to opt out of the accounts. The bulk of the regulations became effective in February, including the ban on interest rate hikes on existing balances and during the first year of an account and restrictions on marketing and issuing credit cards to young people under 21. Issuers also were required to apply customers' payments over the monthly minimum due to the balances with the highest interest rates, among other rules.

This month, new rules limiting penalty fees went into effect. Late fees in most instances are capped at $25 and can't exceed minimum monthly payments, and credit card companies can't let consumers exceed their limit and charge a fee unless consumers have opted in for the service.