Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. does not review or offer all available credit products.

Interest rates on credit cards trend northward

[Tuesday, June 7th, 2011]

The rates on the credit cards have begun the northward trend with Discover increasing the rates on the small business credit cards it offers. This move by Discover has increased the national average APR for all new offers being rolled out by various banks. This is the first change being made to the small business credit cards in the current year. The previous time the national average APR for small business cards changed was in the final quarter of 2010.

The increase in the interest rates for small business cards took place on the same day that the Pew foundation publicized the study which revealed that the small business credit cards being offered by major credit card lenders in the country are not covered by the regulations of the CARD Act.

The director of the Safe Credit Cards Project for Pew, Nick Bourke, has said that the fact that small business card offers are being sent to all households in America significantly increases the risk of potentially high credit card debts.

The primary reason for the increase in the credit card interest rates was the move by Discover. The interest rates on their cards which hovered between 10.99% and 18.99% before the increase went up and currently vary between 12.99% and 19.99%. No spokesperson from Discover responded when they were asked about the increase in the interest rates.

Small business credit cards are different from consumer credit cards and they are not governed by strict standards. Since the regulations of the CARD act are not applicable to them, lenders have a free hand in increasing the interest rates and other charges.

Read also

New Business Card From U.S. Bank Offers Value Where It’s Most Needed
[October 13th, 2018]

Most people are familiar with rewards credit cards that give members bonus cashback in certain categories that change each quarter. But U.S. Bank’s new business credit card will let companies earn more rewards by offering the biggest bonuses in categories where they spend the most each statement period.

Continue reading ››

Propel Card From Wells Fargo And American Express Offers Triple Reward Points
[July 16th, 2018]

Wells Fargo and American Express have announced changes to their no-annual-fee Propel card, making it an even better deal for customers who use streaming video services, order food and go out to restaurants, and travel frequently.

Continue reading ››

New Chase Credit Cards Offer Big Rewards For Travelers
[April 18th, 2018]

There are two new rewards credit cards available for travelers who want to collect extra points when checking in to their favorite hotels. The IHG Rewards Club Premier card and the IHG Rewards Club Traveler card from Chase Card Services offer reward points, free anniversary nights, elite membership stats, no foreign transaction fees, and more.

Continue reading ››
Copyright © 2003-2018 All Rights Reserved strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.