The LowCards.com Weekly Credit Card Rate Report 01-06-09
The LowCards.com Weekly Credit Card Rate Report 01-06-09
The LowCards.com Weekly Credit Card Rate report is based on
our Complete Credit Card Index which tracks the advertised rates
of 1260 credit cards in the United States.
Our index showed that Annual Percentage Rates for credit
cards decreased this past week. The average credit card
rate was 11.75% for the 1260 credit cards that are
tracked by LowCards.com, a slight decrease compared
to the 11.78% average for the previous week.
Here are the averages from the LowCards.com Complete Credit
Card Index for the previous ten weeks:
Jan. 6 11.75%
Dec.30 11.78
Dec. 23 11.75
Dec. 16 11.77
Dec. 11 11.78
Dec. 4 11.80
Nov. 25 11.98
Nov. 20 12.01
Nov. 13 11.99
Nov. 6 11.95
Oct. 30 12.01
The average cash advance rate dropped to 20.50% up from 20.58% last week.
"Credit card rates continued to move downward after a minor uptick
last week." said Bill Hardekopf, CEO of LowCards.com. "This downtrend
is in line with what we have been expecting after all the Federal Reserve
interest rate cuts over the last two months. We saw a big drop in home
sales numbers released today. That might force rates a little lower, but
they are already about as low as I can remember and there is not much
more room for them to fall."
The credit cards with the lowest interest rates in the nation this week are:
1. 4.00% Nordstrom Platinum Visa
2. 4.50% Wells Fargo Prime Rate Visa Credit Card
3. 5.00% Fifth Third Bank Platinum Prime MasterCard
The LowCards.com credit card rate report is compiled weekly
using data from 1260 credit cards which are tracked on the
LowCards.com website. The Complete Credit Card index is
available here: http://www.lowcards.com/CreditCardIndex.aspx
Rates may occasionally change due to the number of cards
being tracked.
About LowCards.com: LowCards.com ( http://www.lowcards.com )
simplifies the confusion of shopping for credit cards. It is
a free, independent website that helps consumers easily
compare credit cards in a variety of categories such as
lowest rates, rewards, rebates, balance transfers and lowest
introductory rates. It also gives an unbiased ranking and
review for each card.
The LowCards.com Weekly Credit Card Rate report is based on
our Complete Credit Card Index which tracks the advertised rates
of 1260 credit cards in the United States.
Our index showed that Annual Percentage Rates for credit
cards decreased this past week. The average credit card
rate was 11.75% for the 1260 credit cards that are
tracked by LowCards.com, a slight decrease compared
to the 11.78% average for the previous week.
Here are the averages from the LowCards.com Complete Credit
Card Index for the previous ten weeks:
Jan. 6 11.75%
Dec.30 11.78
Dec. 23 11.75
Dec. 16 11.77
Dec. 11 11.78
Dec. 4 11.80
Nov. 25 11.98
Nov. 20 12.01
Nov. 13 11.99
Nov. 6 11.95
Oct. 30 12.01
The average cash advance rate dropped to 20.50% up from 20.58% last week.
"Credit card rates continued to move downward after a minor uptick
last week." said Bill Hardekopf, CEO of LowCards.com. "This downtrend
is in line with what we have been expecting after all the Federal Reserve
interest rate cuts over the last two months. We saw a big drop in home
sales numbers released today. That might force rates a little lower, but
they are already about as low as I can remember and there is not much
more room for them to fall."
The credit cards with the lowest interest rates in the nation this week are:
1. 4.00% Nordstrom Platinum Visa
2. 4.50% Wells Fargo Prime Rate Visa Credit Card
3. 5.00% Fifth Third Bank Platinum Prime MasterCard
The LowCards.com credit card rate report is compiled weekly
using data from 1260 credit cards which are tracked on the
LowCards.com website. The Complete Credit Card index is
available here: http://www.lowcards.com/CreditCardIndex.aspx
Rates may occasionally change due to the number of cards
being tracked.
About LowCards.com: LowCards.com ( http://www.lowcards.com )
simplifies the confusion of shopping for credit cards. It is
a free, independent website that helps consumers easily
compare credit cards in a variety of categories such as
lowest rates, rewards, rebates, balance transfers and lowest
introductory rates. It also gives an unbiased ranking and
review for each card.
