NEW YORK (CNN/Money) - Credit card interest rates were motionless during the week ended May 18, with the average annual percent rate, or APR, for platinum cards clinging to their 11.06 percent average, unchanged from the previous week.
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 stuck with their 2.75 percent average, showing no movement for over a month, with a range of 0 percent to 9.90 percent.
| Weekly rates information
|
|
|
|
|
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 18, 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 18, 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
|
|
Source: Informa Research Services, Inc., 800-848-0218. © 2004. All rights reserved. May not be reproduced or retransmitted in any form without express written consent of Informa Research Services, Inc.
|
|
.
|
.
