Compare Credit Cards with CardSmart

Home » Credit Card News » Trends and Analysis » Credit card rates 'could rise'

Credit card rates 'could rise'

Credit card rates could increase, according to a new study by PriceWaterhouseCoopers.

More from Trends and Analysis
10 November 2009

Credit card rates 'could rise'”

Bookmarks

Annual fees could also become more common in the credit card market, the research noted.

The firm stated: "At the higher end of the market customers will pay for access to premium benefits and at the lower end more marginal customers will be expected to pay for even a standard credit card."

The report also noted that credit card firms could focus in the future on customers who are most profitable, rather than those who are in most need of loans.

Those looking for a credit card with a low interest rate may want to consider the Saga platinum credit card, with a typical variable rate of 11.9% APR variable.

There is also 0% interest on purchases for the first nine months, 0% on balance transfers for the first nine months with a 3% handling fee, subject to terms and conditions.

Written by ©

Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9^%
16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
	Virgin Credit Card
	20 months	3 months	16.8^%
16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable).
	Barclaycard Platinum with BT
	22 months	3 months	17.5^%
17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
Compare More Credit Cards...

The content and information on this website are intended as general information only and shall not be construed as financial advice or recommendations of any nature in accordance with the Financial Services and Markets Act 2000 nor is it intended to address specific financial requirements. Read more... We strongly recommend that you seek independent financial advice before using and/or relying on the information made available to you or prior to purchasing any financial product/service listed on the Website. Whilst every attempt has been made to ensure that the content and information published are true, correct and up to date, no warranty, guarantee or representation is given as to its accuracy, reliability or fitness for a specific purpose.

The Best Buy credit card comparison tables feature financial products/services of our advertisers and may not necessarily constitute the best offers in the market for each of such products/services.