Current credit card interest rates.
Before you start shopping for credit cards, it will be nice for you to have a fair idea of what to expect. Besides, you need to understand that the interest rates on credit cards, mortgage, auto loans, home equity and Certificate on Deposits will always fluctuate. Understanding the trend may help you make informed decision on the step(s) you need to take. You will agree with me that the interest rate you are charged on your credit card determines the interest you are going to pay on your card balance at the end of the month. A lower interest rate means that you will pay lower interest and vice versa.
Whatever amount you can save by avoiding high interest rate on your card is worthwhile. You may not know how important one Dollar is until you want to make a payment and you suddenly realise that you will not be able to do it just because the amount is a few cent above what you have at your disposal. So, if you are planning to get a new credit card, you can always have a look at the table below to see what the current credit card interest rates are. This is updated on a weekly basis. Therefore, you can always check back to see whether the interest rates on credit cards are going up or down.
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It is important that you understand that there are different credit cards available in the market. There are balance transfer cards, rewards credit cards, secured credit cards, student credit cards and travels credit cards etc. The type of the cards you apply for and your credit score will significantly impact on the interest rates you will be charged on the credit card. The table will be useful for people shopping for regular credit cards.