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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

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.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

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