Credit Card Rates and Credit Card Special Offers

Credit card national rate averages this week:

Average consumer credit card rate: 13.99%
Average reward credit card rate: 15.18%
Average student credit card rate: 15.14%
Average airline rewaed card rate: 16.75%

Credit card rate specials this week include:

Capital One® No Hassle Premium Miles(SM) Rewards
Issued by Capital One

The Capital One® No Hassle Premium Miles(SM) Rewards card is designed for those who have excellent credit and want to rack up tons of rewards fast. Cardholders will earn 1.25 miles for every dollar spent on purchases with no miles expiration for the life of the account. Cardholders will be able to enjoy the freedom to fly any airline, at any time, with no blackout dates or seating restrictions. There are five different reward redemption options: Travel, Cash, Merchandise, Charitable Donations or Gift Certificates. You’ll also get exclusive savings: up to 40% on featured deals and 10% on everything else at Capital One Saving Zone on Yahoo! Shopping.

One from American Express®Issued by American Express

The One from American Express® contributes a percentage of eligible card purchases into a savings account in your name. Through the unique program, 1% of all your eligible purchases will be deposited into an FDIC-insured, high-yield savings account in your name with a special rate of 5% APY (variable rate as of 2/1/2007). Plus, $50 will be deposited into the savings account after you make your first purchase. Another great feature of this card is that you never pay interest on new purchases, even if you carry a balance. This card has a low annual fee, which is waived the first year, and a reasonable interest rate for purchases. Many standard benefits and services are also provided.
Review Date: 6/22/2007

Delta SkyMiles® Gold Credit Card
Issued by American Express

The Delta SkyMiles® Gold Credit Card is designed for those who frequently fly on Delta Airlines. You will earn two miles per dollar spent at Delta Airlines and participating vendors, and you will earn one mile per dollar everywhere else. Plus, 15,000 bonus miles are awarded after your first purchase. Miles don’t expire as long as your account is active within a three-year period. The annual fee of $85 is waived the first year, but the purchase APR is above average and not optimal if you plan to carry a balance. However, there is a 9.99% introductory rate for balance transfers that is valid until paid, which is nice if you are trying to pay off card balances with high rates. Common gold card benefits and services are provided as well.

Starbucks Card Platinum Duetto™ Visa® Card
Issued by Chase

The Starbucks Card Platinum Duetto™ Visa® Card is both a reloadable Starbucks Card and a Visa® Credit Card in one. Through the reward program, a 1% rebate is awarded on all qualifying credit card purchases. You’ll also earn a 1% rebate when you reload the Starbucks Card account using the Visa® account, or you can earn a 3% rebate if you subscribe to automatic reloads. Rebates are automatically transferred to the Starbucks Card account on a monthly basis, and you’ll receive $10 on your Starbucks Card after your first purchase. This card has a reasonable interest rate for purchases and balance transfers with no annual fee, and it does offer an interest-free introductory period for purchases and balance transfers for the first six months of cardmembership. Many platinum benefits and services are also provided.
Review Date: 5/24/2007

Chase Platinum Visa®Issued by Chase

The Chase Platinum Visa® is an overall good platinum card that offers a rewards program. You’ll earn one point for every dollar you spend, and points are redeemable for cash back, merchandise, travel, and gift cards. The card has a 0% introductory rate on purchases and balance transfers for the first twelve months and a reasonable interest rate on purchases and balance transfers after the introductory rate expires. The card also has no annual fee. There is an interest-free grace period when you pay your bill in full each month, but the card uses a more costly method of computing balances, and therefore, it is not ideal if you plan to carry a balance. The card does offer many platinum benefits including online account access and various travel services.