The most recent statistics on credit cards sorted by interest rates, types of cards, issuer, and credit score.
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About the author
Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
Steve, please explain to me how to read your rates by credit score because I see that the worse type (No Credit) gets the best interest. I am missing something!
if you click on the link you’ll see most of the cards are prepaid cards that charge no interest on the balance. That apparently skews the math.
I totally agree on that! Simple credit cards have the lowest interest rate and that will make you not lost in your budget.
I totally agree on that! Simple credit cards have the lowest interest rate and that will make you not lost in your budget.
Let me give you the best tip when looking for a credit card. Do not go for those fancy credit cards that offer
cash backs, rewards, miles, or etc.
Look for simple credit cards that have the lowest interest rate. Same thing applies to debit cards. Look for those that offer nothing and have no fees.