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Credit Card Rates Continue to Climb

by Peter Andrew

NOTE:

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summary of credit card rates, Credit

Card Monitor, in your publication or on your Web site, please

contact syndicate@indexcreditcards[dot]com.

 


Credit Card Rates Continue to Climb

Average APR inches up to 12.73%

Credit

card rates continue to slowly inch up, with the average rate

for standard, non-reward cards moving up to 12.73% this week,

according to the weekly IndexCreditCards.com Credit Card Monitor.

The

average rate for consumer credit cards with rewards increased

to 13.82%. For consumers with the very best credit, these averages

are 10.22% and 11.54%, respectively.

The average student credit card rate moved up again this week,

to 15.30%. The average student credit card rate has risen a

half-point in the last three months.

Business

credit card rates remained unchanged for the third straight

week, with an average 11.33% rate for standard cards and 13.21%

for business reward credit cards.

Financial

institutions represented in the survey include Advanta, American

Express, Bank of America, Capital One, Chase, Citi, Discover,

MBNA, National City, Providian, Pulaski Bank, U.S. Bank, Wachovia,

Wells Fargo and more.

 

Published 01/19/06 (Modified 05/07/12)


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