Weekly Credit Card Rate Report August 16, 2012

August 17, 2012, Written By John H. Oldshue
Weekly Credit Card Rate Report  August 16, 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.

Our index showed that the Annual Percentage Rates for credit cards
was 14.35%, slightly higher than last week’s 14.34%.

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

Aug   9  14.34%
Aug   2  14.34
July 26  13.35
July 19  14.34
July 12  14.33
July 5    14.32
June 28 14.30
June 21 14.30
June 14 14.30
June 7 14.33
May 31 14.36
May 24 14.35

The average cash advance rate for this week was 21.67% which was also slightly higher than last week’s 21.66%.

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 here:


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.

This entry was posted in Weekly Rate Report and tagged No tags added

The information contained within this article was accurate as of August 17, 2012. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.
View all posts by John H. Oldshue