CreditCards.com: Weekly Credit Card Rate Report

AUSTIN, Texas--(BUSINESS WIRE)--Credit card involvement rates remained unchanged this week, but should fall
in the aftermath of adjacent Tuesday’s Federal Soldier Modesty
policy meeting.

Since a bulk of Banks alkali their recognition card yearly per centum rates
(APRs) on an index tied to the premier rate, a lowering of the premier could
ensue in lessened involvement rates for most cardholders. According to the
Fed, 54% of recognition card issuers necktie card involvement rates to prime. Most
issuers set their variable rates 30 years or one charge rhythm after a
alteration in the premier rate.

Low involvement and balance transportation card game charged the last APRs.

Rates for card classes tracked by CreditCards.com are listed below:

Recognition 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%

Instantaneous Approval

14.18%

Airline

15.08%

Student

17.88%

Source:

Updated: 09-13-07

In a reaction to employment information last hebdomad that showed an unexpected
autumn in August payrolls, Wall Street stepped up demands for the Federal to
cut involvement rates. According to the Windy City Mercantile Exchange, based
on the September 13 marketplace close, the 30-Day Federal Soldier Funds hereafters
contract for the October 2007 termination is now pricing in a 100%
likeliness that the cardinal depository financial institution will cut the mark charge per unit by at least 25
footing points.

The CreditCards.com recognition card charge per unit study is conducted each hebdomad using
information from the prima card issuers in the United States.

Introductory offering time periods and existent regular involvement rates can change
depending on applicants’ recognition quality and
issuer risk-based pricing policies.

About CreditCards.com

CreditCards.com is a prima online recognition card marketplace, bringing
consumers and recognition card issuers together. At its free Web site, ,
consumers can compare 100s of recognition card offerings from the nation’s
leading issuers and banks, and use securely online. CreditCards.com is
also a finish land site for consumers wanting to larn more than about recognition
cards; offering news, advice, features, statistics and tools –
all designed to assist consumers do smart picks about recognition cards.

note TO EDITORS: The information contained in this release is available
for black and white or broadcast with ascription to CreditCards.com.