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.

Comments

(7 Total Comments)


great service thank you!!"

austin316 at 4:32 pm Mar 17

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Good Service"

telltouday at 1:25 pm Mar 17

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2 weeks ago i had a ugly credit score / today i checkd and my credit score went right thru the roof / thanx C.K :0)"

tornadojune at 3:31 pm Mar 13

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this is a good site" it helps the consumer know just were they stand in the credit world' whether good or bad? it give us the opportunity to see what lenders see' and why they choose to approve or decline our requests'"

austin316 at 1:56 am Feb 27

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I sincerely thank you guys for your service, and at any point of time if you can get the data from EQ/EX then it will surely be the best service absolutely for 'free of cost'. At this point of time also I will recommend this site to my frns!!!!! Thanks one more time CK: U ROCKS....."

srinivaspl at 1:37 am Oct 9

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Thank you

CK Moderator



great site will recommend to my friends"

hncraven at 12:49 pm Sep 29

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Thank you. We appreciate our members spreading the word.

CK Moderator



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

carollee123 at 4:50 pm Jul 5

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