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Interest rates for most credit card types fall

Super Contributor

Interest rates for most credit card types fall

http://www.msnbc.msn.com/id/28877044/

 

For low-interest cards, which have rates below the national average but are often offered only to customers with strong credit histories, the average APR declined to 11.25 percent, from 11.29 percent the week before.

 

Cash back cards, which feature cash or other reward incentives and generally require a good-to-excellent credit rating for approval, saw their average APR dipped to 13.36 percent, from 13.38 percent last week.

 

 

Overall, the average APR charged for all variable-rate cards tracked by Bankrate was 10.79 percent, down from 10.84 percent the previous week. 

 

Thought you all might like to see what the national averages are 

Message Edited by MidnightVoice on 02-05-2009 06:15 PM
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 1 of 6
5 REPLIES
Moderator Emeritus

Re: Interest rates for most credit card types fall

It's good to know that I am above-average.
Message 2 of 6
Super Contributor

Re: Interest rates for most credit card types fall


llecs wrote:
It's good to know that I am above-average.
 
This is one case where I would prefer to be below   Smiley Sad

 

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 3 of 6
Moderator Emeritus

Re: Interest rates for most credit card types fall

Far below here
Message 4 of 6
Valued Contributor

Re: Interest rates for most credit card types fall

Very interesting, thanks midnight
Message 5 of 6
New Contributor

Re: Interest rates for most credit card types fall

Good to know. Now my wife's 31.99% WaMu/Chase is even further away from the average!
11/26/10 -- EX 694 / EQ 674

03/29/09 -- EQ 701 / TU 713
03/03/09 -- EQ 696 / TU 699
02/12/09 --EX 705 - Final Experian Score
01/26/09 -- EQ 673 / TU 674 / EX 676
Message 6 of 6