Weekly Credit Card Rate Report June 11, 2009
The LowCards.com Weekly Credit Card Rate Report June 11, 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 12.04% this week which was up sharply from last week at 11.63%.
The average credit card rate six months ago (December 11) was 11.78%.
Nine months ago (September 9), it was 11.99%
Here are the averages from the LowCards.com Complete Credit
Card Index for the previous ten weeks:
June 11 12.04%
June 4 11.63
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
The average cash advance rate for this week was 20.54%
which was up sharply from last week at 20.09%.
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
Rates may occasionally change due to the number of cards
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
( https://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.