Credit card rates are averaging 17 per cent

Credit card purchase interest rates are averaging 17 per cent, despite RBA rate cuts. However it’s easy to find a good low rate credit card, with low fees as well. Today's cheapest credit card charges only 7.99 per cent. That’s the current purchase interest rate offered by Quay Credit Union's Visa credit card and it is a full nine per cent less than the average credit card rate. Don’t settle for a card you aren’t happy with. Compare the credit card market today.

Source: The Age