Rate Trends

Credit Card Rates by Features

What are Credit Card Features?

Some of the most common credit card features are: 0% intro rates, balance transfers, cash-back, and travel rewards. Because these features can cost the credit card companies millions a year, they will often make up the costs through increased fees or hidden rates.

How to Read the Average Rate Chart

As their name might indicate, low interest rate credit cards are the ones that offer the lowest rates. Next would be business credit cards because they typically see a lot of activity, so the banks charge retailers a lower rate (usually 1-2% of sales) for their use. When it comes to balance transfer cards and cash-back rates, these cards typically charge higher rates since credit card issuers have to re-coup the cost of these features.

Note: If you do decide that now's a good time to get a credit card, it's very important to shop around. Check out our Credit Card Reviews and Recommendations... with over 130 card reviews to help you pick the right one.

Where to Compare Credit Card Features?

Today, there are hundreds of credit cards, with thousands of features to choose from... it can be extremely intimidating. The most important thing to ask yourself while you're looking for a credit card is, "Does this card make the most sense for me and my lifestyle?"

For example, don't get a card with a low interest rate if you never carry over a balance at the end of the month. The exact opposite applies for a rewards card. If you carry a balance each month, you'll pay for those rewards many times over in higher interest rates.

Our advice is to shop around for the best deal just like you would for anything else. Credit Karma's Credit Card Review is a great place to start.

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what a wonderful service you provide. THANKS!!!!

carollee123 1 year ago

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hncraven 11 months ago

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CK Moderator

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srinivaspl 10 months ago

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CK Moderator

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tornadojune 5 months ago

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telltouday 5 months ago

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latoyaanders 5 months ago

You can view your detailed credit report at AnnualCreditReport.com. That is the free government site. You can also view it at anytime at TrueCredit (charges may apply).

CK Moderator