Credit Card Rates Hold Steady
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Credit Card Rates Hold Steady
Average APR remains 12.73%
Credit
card rates were steady in almost all categories this week, with
the average rate for standard, non-reward cards remaining at
12.73%, according to the weekly IndexCreditCards.com Credit
Card Monitor. The
only change was seen in consumer credit cards with rewards,
where the average rate increased to 13.85%. For consumers with
the very best credit, the average standard card APR remained
at 10.22%, while the reward card average increased to 11.56%.
The average student credit card rate remained at 15.30%.
Business
credit card rates remained unchanged for the fourth 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 01/27/06 (Modified 05/07/12)
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