Average annual percent rates for platinum, intro purchase, and reward cards remain unchanged. May 5, 2004: 1:37 PM EDT
NEW YORK (CNN/Money) - Credit card interest rates remained motionless for the week ended May 4, with the average annual percent rate, or APR, for platinum cards holding at 11.06 percent, unchanged from the week prior.
Credit Card Rates
Find the best credit card for you among thousands of issuing banks.
Select a card type from the pulldown menu and click on the arrow to begin.
Interest rates on platinum credit cards ranged from a low of 4.00 percent to a high of 23.99 percent, according to Informa Research Services, but have maintained their 11.06 percent average for over a month.
Rates for introductory purchase credit cards clung to their 2.75 percent average, showing no movement for over a month, with a range of 0 percent to 9.90 percent.
Reward, or incentive-based, credit cards also held on to their average rate, 12.07 percent, but had a wide range of 6.45 to 16.90 percent. Again, rates have not moved in over a month.
Below are rates for credit card balance transfers from the top five largest issuers. You can compare rates from more institutions with the rate-search tools above.
Credit Cards: Top 5 National Issuers* As of May 4, 2004
Issuer
Balance Transfer Rate
Bank One
0.00% 12 Mo
Chase
0.00% 12 Mo
Citibank
0.00% 12 Mo
Discover
0.00% 10 Mo
MBNA
1.70% 6 Mo
*Top 5 Card Issuers ranked by credit card loans.
National Credit Card APRs* As of May 4, 2004
Avg
High
Low
Platinum card
11.06%
23.99%
4.00%
Reward card
12.07%
16.90%
6.45%
Intro. purch. rate
2.75%
9.90%
0.00%
*All banks, thrifts, and credit unions within the Informa Research Services database