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Bankrate.com said the average annual interest rates charged on various kinds of most popular credit cards went up previous week. The average APR (annual percentage rate) rose 11.52%, from 11.43% last week for the low-interest cards. The cards have rates lower than the national average but are over and over again offered merely to users with strong credit histories. On the other hand, for balance transfer cards, the average APR edged up to 13.05%, from 12.93% the week before. The cards allow customers to consolidate outstanding debt from one or more cards though sometimes they include a low introductory rate.

The average APR for cash back cards was slightly higher, at 13.67%, from 13.64% just one week ago. It is feature cash or other reward incentives. It usually requires a good-to-excellent credit rating for approval. The average APR charged for every variable-rate cards tracked by Bank-rate held steady for the third consecutive week at 10.74%. Bank-rate surveys the ten largest banks and thrifts in the ten different largest markets in America to determine its averages.