1. Headline
  1. Headline
updated 3/2/2009 6:35:50 PM ET 2009-03-02T23:35:50

The average annual interest rates charged on most popular types of credit cards rose last week, according to Bankrate.com.

  1. More from TODAY.com
    1. At Home with TODAY: Sheinelle Jones is inviting you for the holidays

      Sheinelle Jones may be the newest kid on the TODAY block, but she’s already inviting you over for the holidays. As part of...

    2. Grab these secrets for 5 instant party appetizers
    3. 7 secrets of stylish travelers: Hint! leave the sweats at home
    4. Watch this boy realize Santa is actually his Air Force dad
    5. From iPads to Fitbits: How to set up your holiday tech gifts

For low-interest cards, which have rates below the national average but are often offered only to customers with strong credit histories, the average APR jumped to 11.52 percent, from 11.43 percent the week before.

For balance transfer cards, which allow consumers to consolidate outstanding debt from one or more cards and sometimes include a low introductory rate, the average annual percentage rate edged up to 13.05 percent, from 12.93 percent last week.

The average APR for cash back cards, which feature cash or other reward incentives and generally require a good-to-excellent credit rating for approval, was slightly higher, at 13.67 percent, from 13.64 percent a week ago.

The average APR charged for all variable-rate cards tracked by Bankrate held steady for the third consecutive week at 10.74 percent.

Bankrate surveys the 10 largest banks and thrifts in the 10 largest markets in the U.S. to determine its averages.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

More on TODAY.com

  1. AFP-Getty Images

    Here comes another royal baby!

    12/19/2014 7:30:30 PM +00:00 2014-12-19T19:30:30
  1. Samantha Okazaki / TODAY

    At Home with TODAY: Sheinelle Jones is inviting you for the holidays

    12/19/2014 4:57:16 PM +00:00 2014-12-19T16:57:16
  1. Obama: Sony made a mistake in canceling ‘Interview’ release

    President Barack Obama said Friday that Sony Pictures Entertainment "made a mistake" by nixing the release of a comedic film after the company was hacked and received cyber threats.

    12/19/2014 7:35:43 PM +00:00 2014-12-19T19:35:43
  1. Shutterstock

    7 secrets of stylish travelers: Hint! leave the sweats at home

    12/19/2014 9:59:11 PM +00:00 2014-12-19T21:59:11