CreditCards.com: Weekly Credit Card Rate Report

AUSTIN, Texas--(BUSINESS WIRE)--Select major recognition card classes were mixed this week, following the
Federal Soldier Reserve's determination to cut involvement rates for the 2nd clip
this year. The Federal voted to take down rates by 0.25 percent, but downplayed
the likeliness of additional pecuniary policy easing.

The improver of respective card merchandises to CreditCards.com May have got
accounted for some of the yearly per centum charge per unit (APR) movement.

A bulk of Banks index their recognition card APRs to the premier rate,
which travels in lock measure with Federal decisions. According to the Fed, 54
percentage of issuers necktie card involvement rates to prime, with most Banks
adjusting variable rates 30 years or one charge rhythm after a alteration in
the premier rate.

Among the popular recognition card classes tracked by CreditCards.com,
pupil card game had the peak APRs.

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

Recognition Card Rate Averages

Low Interest

11.63%

Balance Transfer

11.68%

Cash Back

12.64%

Business

13.80%

Instantaneous Approval

13.45%

Reward

13.49%

For Bad Credit

13.64%

Airline

15.20%

Student

16.83%

Source:

Updated: 11-01-07

The cardinal bank's determination to take down rates is improbable to bring forth an
contiguous alteration in APRs or to set important hard cash back into consumers'
wallets. Variable charge per unit recognition card game could see an accommodation up to 90
years after a Federal decision. For a cardholder with a $5,000 balance and a
17.5% involvement rate, a quarter-point charge per unit decrease to 17.25% would
amount to just over $1 in monthly savings.

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

Introductory offering time periods and 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 connecting
consumers with multiple recognition card issuers, including nine of the 10
biggest in the United States, based on recognition card dealing volume. Through its website, ,
CreditCards.com enables consumers to seek for, compare and use for
more than than 150 recognition card game and offerings recognition card issuers an online
transmission channel to get qualified applicants.

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