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Credit Card Rates Steady for Just Third Time in 2006

by Peter Andrew


Credit Card Rates Steady for Just Third Time in 2006

No change in average credit card rates this

week, just the third time this year that rates have not increased

week to week, according to the weekly IndexCreditCards.com Credit

Card Monitor. Nevertheless, average rates have increased over

one full point in 2006, so this week's lack of movement certainly

couldn't be called a trend.

Average rates stand at:

  • Non-reward

    consumer credit cards: 13.82% (The average rate for consumers

    with the very best credit is 10.91%.)

  • Reward credit cards for consumers: 15.23%. (The average rate

    for consumers with excellent credit is 12.83%.)

  • College student credit cards: 16.04%.

  • Business

    credit cards without rewards: 11.46%

  • Business

    credit cards with rewards: 13.57%

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 05/02/06 (Modified 05/07/12)


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