What is the average interest rate for a Chase credit card?
While Chase used to have fairly low rates, they have raised their rates substantially in recent months due to the economic recession. Previously, some rates had been as low as 7%. Now you would be hard-pressed to find a Chase credit card with a rate lower than 19%. That is because Chase is facing a big budget deficit and needs to be able to pay their own bills, however it increase the burden on the consumers enormously. If you can pay off your entire balance each month, try to do that. Sources: http://www.usatoday.com/money/industries/banking/2008-11-09-bank-credit-card-interest-rates_N.
