CreditCards.com: Weekly Credit Card Rate Report

Business Wire, May 10, 2007

AUSTIN, Texas -- Average rates for low interest rate credit cards dipped significantly this week, dropping by 18 basis points from an average of 11.59% last week. Reward and Airline credit cards also experienced a slight drop in average APRs. 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               <
11.41%
Balance Transfer           <
11.41%
Bad Credit                 <
12.81%
Cash Back                  <
13.13%
Reward                     <
13.66%
Business                   <
13.95%
Instant Approval           <
14.18%
Airline                    <
15.08%
Student                    <
17.88%
                           <

Source: CreditCards.com    <

Updated: 05-10-07          <

Low interest credit cards, typically offering 0% APR on purchases for an introductory period of 12 months, continue to be a very popular credit card category for consumers. By utilizing the interest-free period provided with low interest credit cards to aggressively pay down outstanding balances, consumers can often save significant amounts of money in finance charges.

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.