LowCards Weekly Credit Card Rate Report December 7, 2012

The LowCards.com Weekly Credit Card Rate Report is based on our Complete Credit Card Index which tracks the advertised rates of 1060 credit cards in the United States. We constantly track the cards in order to identify trends in credit cards interest rates. There has been a good deal of concern this week over the "Fiscal Cliff" discussions in Washington and what that may mean to credit cards. As of now, it looks like card issuers feel that the government will still reach an agreement on a solution. Our index showed the Annual Percentage Rates for credit cards was 14.31%, which was the same as last week.

Here are the averages from the LowCards.com Complete Credit Card Index for the previous ten weeks:

Date: Rate:
Nov. 30 14.30%
Nov. 16 14.29%
Nov. 9 14.29%
Nov. 2 14.27%
Oct. 26 14.26%
Oct. 18 14.28%
Oct. 11 14.29%
Oct. 4 14.32%

The average cash advance rate for this week was 21.66% which was higher than last week's 21.65%, possibly as more shoppers used cash advance rates to pay for holiday shopping or travel.

The credit cards with the lowest interest rates in the nation this week are:

1. 5.00% Speedway SuperAmerica Credit Card
2. 5.15% First Tennessee Platinum Premier Visa
3. 6.25% Lake Michigan Credit Union Platinum Visa

The LowCards.com credit card rate report is compiled weekly using data from 1060 credit cards which are tracked on the LowCards.com website. The Complete Credit Card index is available at http://www.lowcards.com/the-complete-credit-card-index-ccci.

Please note: Rates may occasionally change due to the number of cards being tracked.

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The information contained within this article was accurate as of December 7, 2012. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website.
Editorial Disclosure
LowCards.com is an independent, for-profit web site. LowCards.com participates in the Affiliate Network, and receives compensation from most of the credit card issuers whose offers appear on the site. This compensation helps support our website and enables us to write insightful articles to help you manage your credit card accounts. This compensation, as well as the likelihood of applicants’ credit approval and our own proprietary website guidelines, may impact how and where the cards appear on our site.

LowCards.com does not include all credit card companies or every available credit card offer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Every reasonable effort has been made to maintain accurate information, however credit card offers change frequently. After you click on an offer you will be directed to the credit card issuer’s secure web site where you can review the terms and conditions for your offer.