shadow

CREDIT CARD RATES TUMBLE

For the first time since 1981, average interest rates on bank credit cards have moved below the 18 percent level, according to Ram Research's CardTrack, a monthly newsletter.

The January average of 17.95 percent is down from last month's 18.18 percent.

Also, in the past 12 months the number of low-rate credit cards has grown. In January 228 cards were offered at rates under 15 percent, up from 105 for the same period in 1991.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.