According to the LowCards.com Weekly Credit Card Rate Report, the average advertised credit card rate was 11.68% in January 2009.
Read this Forbes article on how to get a better credit card interest rate.
Despite what you might expect, consumer protection laws are not lowering average credit card interest rate charges at Discover.
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The January-March card delinquency rate was also down from 0.73 in the October-December quarter, when many consumers ramped up credit use to finance holiday season purchases.
The Bank of England's figures show that as of last November, the average credit card interest rate was 15.89%, while the average interest rate for a standard variable rate mortgage was just 3.98%.
Nearly every credit card on the market today is a variable rate card.
Ms. CHU: Regulators have been mulling credit card reform, rate and fee reform, for quite some time now.
Early in the sales cycle when price came up I would quote rate card prices including standard volume discounts.
The three-month period marked the first time in nine long, hard quarters, that consumer magazines reported gains in both rate card-reported advertising revenue and pages.
All told, the card-delinquency rate has averaged 1.03 percent since 1992, said the firm, whose credit trend data is based from a sample of 27 million consumer records.
We've crunched some numbers to illustrate how, for those who carry a balance over each month, even a better-than-average rebate can leave you no better off than a low-interest rate card.
Only when every one of these objections had been overcome and the prospect had clearly stated that the only thing standing between us was price would I come down off rate card.
France-born Laplance founded Lending Club in 2007 after he became irked by the massive disparity between the 18% interest rate on his credit card bill, and the 1% savings rate at his bank.
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It now expects an 8.1% credit card charge-off rate, up from 6.7% last quarter.
Thus your eventual annual cost would be the same if you'd chosen a credit union card bearing an interest rate of 10% (yes, they do exist).
And thank goodness I also had a car because my destroyed credit made it impossible to get a loan or a credit card with a reasonable rate.
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If you know you will need to carry a balance in order to repay your current debt or anticipated spending, consider a low interest rate credit card.
If you have good credit and your credit card APR is currently above 15%, this may be a good time to consider transferring your balance to a credit card with a lower rate.
FORBES: Tips On Transferring Your Credit Card Balance To Another Issuer
As you can imagine, the industry practice had always been to apply loan repayments to the lowest interest rate balances first, so they could pay down the 0% introductory rate credit card offers, while cardholders amassed much higher interest on their new purchases.
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The occupied rate charged against a card, or an account of block-time, is usually (but not always) charged at a higher rate than that which would be charged to a fractional owner, or a charter client.
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Some financial experts recommend you pay off the credit card with the highest interest rate first.
Her credit card carries an annual interest rate of 19%, compared with an average rate of 13.7%.
The new card promises a 0% rate on all purchases and balance transfers until 1 August, 2005.
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Congratulate yourself for such an awesome accomplishment and then move on to the card with the highest interest rate.
That could increase the chances that the borrower might be denied a new card or charged a higher rate.
The delinquency rate on credit card accounts dropped during the second quarter of 2012 to one of its lowest levels since 1994.
For instance, AmEx's uncollectible U.S. card balances totaled an annual rate of 6.3% in May, down from 6.7% in April, and J.
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The payment service lets U.S. merchants and businesses that run Groupon daily deals accept credit card payments at a lower rate than other providers.
You could also switch your balance to a credit card which charges a lower rate of interest - there are many providers of these special "balance transfer" deals.
In the same period, the charge-off rate on credit card loans for the top 100 banks ranked by assets in the country dropped from 9.59% to 4.08%.
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