Weekly Credit Card Rate Report May 28, 2009

The LowCards.com Weekly Credit Card Rate Report May 28, 2009

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
was 11.63% this week which was slightly lower than last week at 11.64%.

The average credit card rate six months ago (November 25) was 11.98%.
Nine months ago (August 26), it was 12.02%

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

May 28 11.63%
May 21 11.64
May 14 11.65
May 7 11.65
Apr. 30 11.61
Apr. 23 11.60
Apr. 16 11.55
Apr. 9 11.55
Apr. 2 11.57
Mar. 26 11.69
Mar. 17 11.70
Mar. 10 11.69
Mar. 3 11.65

The average cash advance rate for this week was 20.09%
which was unchanged from last week.

"Credit card reform is nine months away now that President Obama has signed
this bill into law,"said Bill Hardekopf, CEO of LowCards.com and author of
The Credit Card Guidebook. "It is nice to see the average interest rate at
11.63%, but we expect to see that rate start to creep up in the next few
months as issuers try to find a way to make up for the revenue they are
projected to lose due to these regulations."

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

1. 3.25% Fifth Third Bank Platinum Prime MasterCard
2. 4.24% American Quarter Horse Association Business Credit Card
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.

Weekly Credit Card Rate Report May 21, 2009

The LowCards.com Weekly Credit Card Rate Report May 21, 2009

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
was 11.64% this week which was slightly lower than last week at 11.65%.

The average credit card rate six months ago (November 20) was 12.01%.
Nine months ago (August 19), it was 12.03%

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

May 21 11.64%
May 14 11.65
May 7 11.65
Apr. 30 11.61
Apr. 23 11.60
Apr. 16 11.55
Apr. 9 11.55
Apr. 2 11.57
Mar. 26 11.69
Mar. 17 11.70
Mar. 10 11.69
Mar. 3 11.65
Feb. 24 11.65

The average cash advance rate for this week was 20.09%
which was slightly higher than last week at 20.08%.

"Now that the House passed the Senate's version of the credit card reform
bill, it has been sent to President Obama for his signature,"said Bill
Hardekopf, CEO of LowCards.com and author of The Credit Card Guidebook.
"This is a good bill for consumers. But issuers will react to these changes
in order to maintain their revenues. We expect to see more increases in
credit card interest rates before this bill takes effect in February 2010.
At that time, issuers will not be able to raise rates on a new customer for
one year. So the introductory and ongoing interest rates will likely be
increased before February. And consumers are also likely to see
interest increases in their existing accounts during this period."

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

1. 3.25% Fifth Third Bank Platinum Prime MasterCard
2. 4.24% American Quarter Horse Association Business Credit Card
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.

Weekly Credit Card Rate Report May 14, 2009

The LowCards.com Weekly Credit Card Rate Report May 14, 2009

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
was 11.65% this week which was unchanged from last week.

The average credit card rate six months ago (November 13) was 11.99%.
Nine months ago (August 12), it was 12.04%

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

May. 14 11.65%
May 7 11.65
Apr. 30 11.61
Apr. 23 11.60
Apr. 16 11.55
Apr. 9 11.55
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

The average cash advance rate for this week was 20.08%
which was unchanged from last week.

"President Obama spoke in a town hall meeting today about
credit cards and the unfair practice some companies use to
increase interest rates,"said Bill Hardekopf, CEO of
LowCards.com and author of The Credit Card Guidebook.
"This event was to coincide with the passage of the Senate's
Credit CARD Act, but it appears the legislation may not
come up for a vote until next week. Obama has said he
wants to sign it in to law by Memorial Day.

"The credit card issuers have kept rates steady as they await
the final verdict on credit card reform from Congress. Some
people believe that the legislation may put some pressure on
issuers to raise rates to recover some of the income they will
be losing. But we feel this might not take place in light of the
extreme scrutiny they will be under as well as the strong
competition that exists in trying to obtain new customers."

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

1. 4.24% 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.

Weekly Credit Card Rate Report May 7, 2009

The LowCards.com Weekly Credit Card Rate Report 05-07-09

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
was 11.65% this week which was slightly higher than last week at
11.61%.

The average credit card rate six months ago (November 6) was 11.95%

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

May 7 11.65%
Apr. 30 11.61
Apr. 23 11.60
Apr. 16 11.55
Apr. 9 11.55
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

The average cash advance rate for this week was 20.08%
which was slightly higher than last week's rate of 20.04%.

"Issuers seem to be waiting to see what happens with the
credit card reforms currently being discussed in the Senate,"
said Bill Hardekopf, CEO of LowCards.com and author of
The Credit Card Guidebook. "Credit card reform will take
place at some point and issuers will be forced to make some
significant and long overdue changes. The banking industry
claims these changes will lead to higher rates for all consumers.
But these reforms should be good for consumers and lead to
lower overall rates for us all. But issuers have the ability to
increase rates right now before these reforms take effect.

"It seems that is not happening on the advertised rates for
new customers. Issuers want to keep these rates as low as
possible since it's such a competitive industry. But once you
are a customer and you show any signs of increased risk,
your rates will go up immediately--and usually fairly
significantly--in this new economic environment. That is
where we are seeing the most common increases occurring."

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

1. 4.24% 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.