For the past five weeks average credit card interest rates on purchases has remained flat. For all fixed-rate cards the mean APR stood at 12.34%, and the average variable rate held to 11.37%.
For standard cards the average fixed-rate held at 13.46%, and standard-variable rates stood at 11.41%.
Last week, a legislation has been introduced by two congressmen that would push the implementation date for the remainder of the CARD Act provisions to Dec. 1.
