What are the lowest and highest credit card rates?

Credit card rates range from about 9 per cent to over 23 per cent. Credit card interest rates often do not fall when the Reserve Bank cuts rates. Consumers need to chop around and compare rates, fees and features to find a good value card for their needs.

People who pay off their credit card debt on time pay no interest. On average, most people pay about 13 per cent interest on their credit cards.

Source: Sydney Morning Herald

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