Comments
Patrick Collands wrote: collands (AT) gmail com I'd be very grateful for an invitation. Thank you.
Cloud Expo on Google News

SYS-CON.TV

2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Click For 2008 West
Event Webcasts
CreditCards.com: Weekly Credit Card Rate Report

Annual percentage rates for credit cards were mostly unchanged, according to the CreditCards.com Weekly Credit Card Rate Report, as issuers left APRs alone despite a Federal Reserve rate cut.

Of the nine credit card categories tracked by CreditCards.com, two declined and seven held steady.

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

 
Credit Card Rate Averages
     
Avg. APR Last week 6 months ago

Balance Transfer

9.97% 9.97% 10.29%

Business

11.52% 11.52% 10.68%

Low Interest

10.68% 10.70% 10.76%

Bad Credit

10.82% 10.82% 12.49%

Cash Back

12.13% 12.13% 11.40%

Instant Approval

11.25% 11.65% 11.68%

Reward

12.33% 12.33% 11.86%

Airline

12.28% 12.28% 13.39%

Student

14.34% 14.34% 14.99%
 

Source: CreditCards.com

Updated: 10-30-08

On Wednesday, the Fed cut its key lending rate by half a percentage point to 1 percent. However, analysts say the decision may only provide APR relief to cardholders of the highest credit quality with certain variable-rate cards from issuers that have not imposed "floors" on how low rates can fall. For example, Bank of America, which does not set floors, told CreditCards.com that variable rates based on prime will eventually drop due to the Fed's move.

Regardless of the benefit to cardholders, additional rate cuts could follow, with the Fed saying it will "act as needed" to encourage economic growth and stable prices. Those cuts could be necessary: third-quarter gross domestic product data released Thursday showed contraction amid the worst consumer spending since 1980.

The CreditCards.com credit card rate survey is conducted weekly using offer data from the leading U.S. card issuers. Rate movement may be influenced by changes in the composition of offers tracked.

Introductory offer periods and regular interest rates vary with applicants credit quality and issuer risk-based pricing policies.

About CreditCards.com

CreditCards.com is a leading online credit card marketplace connecting consumers with multiple credit card issuers, including nine of the 10 largest in the United States, based on credit card transaction volume. CreditCards.com, http://www.creditcards.com, enables consumers to search for, compare and apply for more than 150 credit cards and offers credit card issuers an online channel to acquire qualified applicants.

NOTE TO EDITORS: The information in this release is available for print or broadcast with attribution to CreditCards.com.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
The Enterprise Cloud Requires a real time infrastructure and a management discipline that understands and can enforce service level discipline.
CloudBench Applications, Inc. announced its financial results for the three months and nine months ending September 30, 2009. All amounts are stated in Canadian dollars unless otherwise noted. Revenues from BasicGov, the Company's cloud computing solution for local government, gr...
The new contract is an industry first, with CSC being the first Microsoft partner to lead and win a cloud computing services agreement of this scale. Under terms of the contract, CSC will provide Royal Mail Group's 30,000 employees with access to new IT services using Microsoft's...
Operates in over 170 countries and is one of the world’s leading providers of communications solutions and services. Richard Tarboton talks for MeettheBoss.TV on his role as Head of Energy & Carbon for BT and what they are doing towards reducing carbon emissions.
CA is going to put its Agile Planner software on salesforce.com’s Force.com platform in the first half to accelerate development time and give users visibility over their development initiatives to reduce time-to-market. Customers are supposed to be able to accelerate the deploym...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021

SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News
CloudBench Applications, Inc. announced its financial results for the three months and nine months e...