Weekly Credit Card Rate Report August 2, 2012

August 2, 2012, Written By Bill Hardekopf

The LowCards.com Weekly Credit Card Rate Report August 2, 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 14.34% which was lower than 14.35% from last week.

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

July 26  14.35%
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 21.66% which was unchanged from last week.

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:

https://www.lowcards.com/the-complete-credit-card-index-ccci

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.


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The information contained within this article was accurate as of August 2, 2012. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.