CreditCards.com: Weekly Credit Card Rate Report

Business Wire, April 5, 2007

AUSTIN, Texas -- Rates on balance transfer credit cards continue to be the lowest in the nation with an average annual percentage rate (APR) of 11.47%, according to CreditCards.com. Average rates on other popular credit card categories tracked by CreditCards.com remained unchanged from the previous week and are listed below:

Credit Card Rate Averages

Low Interest               11.66%
Balance Transfer           11.47%
Instant Approval           13.95%
Reward                     13.72%
Cash Back                  13.38%
Airline                    15.01%
Business                   14.01%
Student                    17.88%
Bad Credit                 13.05%

Source: CreditCards.com
Updated: 04-05-07

Cash back credit cards continue to offer relatively low regular APRs while allowing consumers to earn rebates in the form of a check or statement credit based on various percentages of monthly card spending. Interest rates on these cards are typically higher than non-cash back cards, however, due to the inherent costs of such reward programs and the fact that fewer cash back cardholders revolve balances month to month.

The CreditCards.com national weekly credit card rate survey is conducted each week using data from the leading credit card issuers in the United States.

Introductory offer periods and actual regular interest rates can vary depending on individual applicants' credit quality and issuer risk-based pricing policies.

About CreditCards.com

CreditCards.com (www.creditcards.com) is an Internet publisher and marketing organization that operates the leading and fastest-growing online destination for consumers to search, compare, and apply for credit cards. The company matches millions of consumers each year with the credit card offers that best meet their financial needs. CreditCards.com is based in Austin, Texas and was founded in 2003.

NOTE TO EDITORS: The information contained in this release is available for print or broadcast with attribution to CreditCards.com.