Interest Rate Roundup
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- 13.02% (all fixed)
- 15.28% (all variable)
The average annual percentage rate, or APR, for variable-rate credit cards jumped 9 basis points to 15.28 percent from 15.19 percent, according to Bankrate's latest survey of interest rates. A basis point is one-hundredth of 1 percentage point. The APR for fixed-rate cards remained unchanged at 13.02 percent for the ninth straight week.
The average APR for variable-rate cards increased because Discover raised the higher end of its APR range on five credit cards, while Barclays upped its APR on its World MasterCard, according to Bankrate's survey.
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