Absolutely not! While the average annual percentage credit card rates continue to hover in a narrow 13% to 17% range, there is typically a 30 point spread in the marketplace. That means that your credit card company could be charging you anywhere from 0% interest to 30% interest, each month!
Find credit cards with great rates fast with the FREE credit card finder!
The recent economic recession and global banking crisis have forced banks and other credit card issuers to dramatically revise their credit policies in the last few years. Competitive fixed interest rate credit cards have all but disappeared, to be replaced by variable rate cards.
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Vodafone has unveiled the next “revolution” in smartphones that will see shoppers use their handsets instead of cash or cards at the checkout. 
The mobile phone giant’s partnership with Visa will allow users to pay for goods or services from the autumn with a wave or tap of their smartphone – in the same way Oyster cards are used on the London Underground.
The service, which acts as a mobile wallet, will be available on Near Field Communications-enabled smartphones using a form of mobile payment technology called Visa payWave mobile.
Set to launch worldwide from the spring, it will be based on the Visa prepaid account and available to users of the Vodafone stored value account.
While consumers can simply swipe their phone at a payment terminal to pay for less expensive items such as newspapers or coffees, they will be asked to enter a pin code for purchases of £15 or more.
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If you use a credit card for most of your everyday purchases, as well as to purchase airline tickets and other big ticket items, you want to find and use a credit card that rewards you for making those purchases. The Randolph Brooks Federal Credit Union (RBFCU) MasterCard Gold Cash Back credit card gives you a percentage of cash back on every purchase, offering you an immediate savings and discount every time you use the card.
Dont give up because you have had a hard time finding the right rewards credit card. Search for all types of cards easily and for FREE now!
RBFCU also offers two other credit cards, the Platinum Preferred Rate MasterCard and the Platinum Rewards MasterCard.
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When credit card holders are unable to pay their entire balance in full, they begin to incur interest on all of their purchases. As unsecured loans, credit card interest rates will never be as low as a secured loan such as a mortgage. Nevertheless, there are three things that cardholders can do to lower their interest rates.
Negotiate
Banks do not advertise the fact that, in some cases, they are willing to negotiate lower interest rates with their cardholders. To attempt to receive a lower rate, customers should contact their card issuer and ask to speak to a manager. Once the cardholder has expressed their dissatisfaction with the current interest rate, customers can inform the representative that they are considering moving their balance to a different bank that is offering a 0% promotional balance transfer.
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Sir Richard Branson’s Virgin Money, which recently bought Northern Rock, has increased interest rates on its credit cards by almost 50pc in the latest blow to consumers already hit by rising mortgage rates. 
The banking group has issued a “take it or leave it” ultimatum, telling customers to accept the rises or pay off their balances.
Rates on purchases using Virgin credit cards, provided by MBNA, have soared from 16.8pc to 24.9pc. The average credit card charges 18.9pc. Virgin has also increased rates on balance transfers, from 18.9pc to 27.9pc.
The move has been criticised by Virgin Money’s customers and comes just days after mortgage lenders, such as Halifax, raised their standard variable rates, pushing up monthly payments for tens of thousands of home owners.
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