CreditCards.com: Weekly Credit Card Rate Report

AUSTIN, Texas--(BUSINESS WIRE)--While recognition card involvement rates were level this week, a driblet could
follow the Federal Soldier Reserve’s determination to
loosen pecuniary policy.

On Tuesday, the Federal Soldier Open Market Committee voted to take down the federal
finances charge per unit a one-half point to 4.75 percent, which intends the premier charge per unit will
also fall a one-half point to 7.75 percent.

Most Banks alkali their recognition card yearly per centum rates (APRs) on an
index tied to the premier rate, so a lowering of the premier could ensue in
lessened involvement rates for most cardholders. According to the Fed, 54%
of recognition card issuers necktie card involvement rates to prime, with most Banks
adjusting variable rates 30 years or one charge rhythm after a alteration in
the premier rate.

Student recognition card game had the steepest APRs.

Rates for card classes tracked by CreditCards.com are listed below:

Recognition 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%

Instantaneous Approval

14.18%

Airline

15.08%

Student

17.88%

Source:

Updated: 09-20-07

If and when individual recognition card rates autumn depends on a figure of
factors, such as as whether the recognition card is fixed charge per unit or variable rate;
any flooring on rates established by the issuer; and the timing of an April
alteration as dictated by the card agreement.

The CreditCards.com recognition card charge per unit study is conducted each hebdomad using
information from the prima card issuers in the United States.

Introductory offering time periods and existent regular involvement rates can change
depending on applicants’ recognition quality and
issuer risk-based pricing policies.

About CreditCards.com

CreditCards.com is a prima online recognition card marketplace, bringing
consumers and recognition card issuers together. At its free Web site, ,
consumers can compare 100s of recognition card offerings from the nation’s
leading issuers and banks, and use securely online. CreditCards.com is
also a finish land site for consumers wanting to larn more than about recognition
cards; offering news, advice, features, statistics and tools –
all designed to assist consumers do smart picks about recognition cards.

note TO EDITORS: The information contained in this release is available
for black and white or broadcast with ascription to CreditCards.com.