 |
 |  |
financialbrowsers.com's Privacy Policy
We are strongly committed to protecting the privacy of every
visitor to financialbrowsers.com. The following information is intended to help
answer questions you may have about how we go about protecting every visitor's
privacy.
financialbrowsers.com E-mail
Your name is the only required information for a FREE
financialbrowsers.com E-mail address. Other information may be gathered. Legitimate
requests or orders from courts or law enforcement agencies to obtain
information will be complied with.
Disclosure
We do not use or disclose information about your individual
visits to financialbrowsers.com or information that you may give us, such as your
name, address, email address or telephone number, to any
outside companies. We may share with our Web site partners aggregated
statistical "ratings" information about the use of financialbrowsers.com. Legitimate
requests or orders from courts or law enforcement agencies to obtain
information will be complied with.
Contacting the Web Site
If you have any questions about this privacy statement, the
practices of this site, or your dealings with financialbrowsers.com, use the link
below to find out how to ask.
Contact Us
|
-->
|
|
Home > Financial Press Releases > Heading into Holiday Season, Credit Card Rates Rise Again
Heading into Holiday Season, Credit Card Rates Rise Again
CLEVELAND, OH (PRWEB) November 22, 2005 -- With the unofficial holiday shopping season opening Friday, consumer credit card rates rose for the seventh straight week, according to the IndexCreditCards.com weekly Credit Card Monitor.
“Top-level” consumer credit cards averaged a 9.91 % Annual Percentage Rate (APR),up from 9.87 % last week and 9.51 % seven weeks ago. IndexCreditCards.com uses “top-level" to describe Platinum or similarly designated credit cards that generally offer the lowest interest rates to eligible cardholders.
Consumer reward credit cards offered an average 11.23% APR, up from 11.19 % last week and 10.75 % seven weeks ago.
Student credit card rates increased to an average 14.98 %, up from 14.96 % last week and 14.72 % seven weeks ago.
“While rates are still historically low, the trend is continuing upward,” says Justin McHenry, Research Director for IndexCreditCards.com. “Of course the worst time to see any rate increase is around the holidays, when people are most likely to revolve balances instead of immediately paying for all those gifts.”
Business credit card rates held steady this week, at an average 9.99 % APR for top-level business cards and an average 11.74 % for business reward cards.
“As always, these averages are based on the lowest rates published by the card issuers,” says McHenry. “If you don’t have excellent credit, add 2 % to estimate the rate you would likely receive. If your credit is poor, count on even higher rates.”
Financial institutions represented in the survey include Advanta, American Express, Bank of America, Capital One, Chase, Citi, Discover, MBNA, National City, Providian, Pulaski Bank, U.S. Bank, Wachovia, Wells Fargo and more.
About IndexCreditCards.com
IndexCreditCards.com offers credit card news, research, and perhaps the most comprehensive index of credit cards available on the Internet today, with a master listing of over 500 credit cards as well as categorized lists based on interest rates, reward programs, business credit cards, student credit cards and credit cards for those with poor credit histories.
Credit Card Monitor is a weekly survey tracking average credit card rates in multiple card categories.
Back to Financial Press Releases
|
|
|
|
|