AUSTIN, Texas--(BUSINESS WIRE)--Annual percentage rates for new credit card offers dipped lower this week, according to the CreditCards.com Weekly Credit Card Rate Report.Banks tweaked some offer rates this week, while minutes from the Federal Reserve's August meeting suggest its next change to monetary policy will take interest rates higher. Of the nine credit card categories tracked by CreditCards.com, four declined and one rose.
Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Rate Averages Avg. APR Last Week 6 Month Balance Transfer 9.65% 9.65% 9.85% Business 10.43% 10.46% 10.85% Low Interest 10.78% 10.80% 10.94% Bad Credit 11.09% 11.09% 13.02% Cash Back 11.22% 11.24% 11.68% Instant Approval 11.26% 11.26% 11.23% Reward 11.86% 11.83% 11.99% Airline 12.87% 12.87% 12.80% Student 14.69% 14.71% 15.69% Source: CreditCards.com Updated: 8-28-08
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