| National credit card rate averages |
| News - Financial News |
|
--(www.FinancialNewsUSA.com)-- 11/20/2009 - US Market industry news provided by Financial News USA. By: Leslie McFadden Credit Cards Rates: 13.46 percent (standard fixed); 11.48 percent (standard variable) Average credit card interest rates again held steady this week. Fixed-rate cards charged an average of 12.31 percent for purchases while the mean variable rate came to 11.68 percent. The average fixed APR on standard cards stood at 13.46 percent, and the average variable rate clung to 11.48 percent. More people plan to use debit cards and cash instead of credit cards to pay for gifts this holiday season, according to a National Retail Federation survey released Tuesday. Nearly 68 percent of shoppers intend to pay for most presents with cash or debit cards, and about 29 percent will charge up their credit cards. The number of folks who aim to shell out greenbacks for gifts increased by 9.1 percent compared to last year, while 10.1 percent fewer consumers are expected to put presents on credit. The greatest number of people will rely on their debit cards -- around 43 percent -- but this group grew by a mere 2.5 percent. A tiny 4 percent of consumers will write personal checks. About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
|