updated 1/27/2009 1:39:48 PM ET 2009-01-27T18:39:48

The average annual interest rates charged on two popular types of credit cards fell last week, according to Bankrate.com, while one rate edged higher.

Major Market Indices

For low-interest cards, which have rates below the national average but are often offered only to customers with strong credit histories, the average APR declined to 11.25 percent, from 11.29 percent the week before.

Cash back cards, which feature cash or other reward incentives and generally require a good-to-excellent credit rating for approval, saw their average APR dipped to 13.36 percent, from 13.38 percent last week.

For balance transfer cards, which allow consumers to consolidate outstanding debt from one or more cards and sometimes include a low introductory rate, the average annual percentage rate edged up to 12.96 percent, from 12.95 percent the week before.

Overall, the average APR charged for all variable-rate cards tracked by Bankrate was 10.79 percent, down from 10.84 percent the previous week.

Bankrate surveys the 10 largest banks and thrifts in the 10 largest markets in the U.S. to determine its averages.

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Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com