Weekly Credit Card Rate Report April 2, 2009

The LowCards.com Weekly Credit Card Rate Report 04-02-09

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.

Our index showed that the Annual Percentage Rates for credit cards
decreased from 11.69% last week to 11.57% this week.

The average credit card rate six months ago (September 30) was 12.13%

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

Apr. 2 11.57%
Mar. 26 11.69
Mar. 17 11.70
Mar. 10 11.69
Mar. 3 11.65
Feb. 24 11.65
Feb.17 11.66
Feb.11 11.51
Feb. 3 11.51
Jan. 27 11.63
Jan. 20 11.68

The average cash advance rate for this week was 19.99%
which was considerably lower than last week's rate
of 20.45%.

"The programs geared to lowering rates, like the Term
Asset-Backed Securities Loan Facility (TALF), may now
be priced into the market. So we are seeing a drop in credit
card rates" said Bill Hardekopf, CEO of LowCards.com.

"One tip for consumers--tax season is approaching and while
it may be tempting to pay your taxes with a credit card, it is
usually a bad idea since you will be charged a processing fee
of an additional 2.49% of your total tax."

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

1. 4.99% American Quarter Horse Association Business Credit Card
2. 5.00% Fifth Third Bank Platinum Prime MasterCard
3. 5.24% Farm Bureau Bank Platinum MasterCard

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 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 Complete Credit Card Index
( http://www.lowcards.com/CreditCardIndex.aspx ) is the most
objective and comprehensive resource on the Internet which
allows consumers to compare rates for all 1060 credit cards
offered in this country. Created by Hampton & Associates,
the company has been analyzing the credit card industry
and supplying objective websites on various consumer
expenses for eight years.