"AUSTIN, Texas--(BUSINESS WIRE)--Credit card interest rates didn’t budge this week, as economists forecast scant likelihood of a change in monetary policy when Federal Reserve officials meet Tuesday. However, expectations for a lowering of the prime rate sometime thereafter appear to have increased.
Low interest and balance transfer credit cards provided the lowest annual percentage rates (APRs).
Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Rate Averages
Low Interest - 11.41%
Balance Transfer - 11.41%
Bad Credit - 12.81%
Cash Back - 13.13%
Reward - 13.66%
Business - 13.95%
Instant Approval - 14.18%
Airline - 15.08%
Student - 17.88%
Source: CreditCards.com
Updated: 08-02-07"
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