CreditCards.com: Weekly Credit Card Rate Report

Business Wire, March 29, 2007

NEW YORK -- Rates on balance transfer credit cards featured the lowest average rates this week 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 steady 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: 03-29-07

Balance transfer credit cards that provide a 0% introductory interest period continue to be a popular option for those desiring relief from higher interest rate cards while paying down accumulated balances. Most balance transfer cards offer 0% APR periods ranging from 5 to 15 months, with an average promotional APR period of 12 months.

The CreditCards.com national weekly credit card rate survey is conducted each Wednesday 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 operates a free credit card comparison website, located at www.CreditCards.com, where consumers can examine various offers side by side and securely apply online for credit cards from the nation's leading issuers. The cards are organized by major category (low interest, airline, student, cash back and others), with dynamic daily updating of credit card offers, rates and features. CreditCards.com's mission is to provide a full range of card choices, news articles and features -- all designed to help consumers make informed choices about their credit cards.

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