It’s a good time for credit card users, according to a Landscape Report by CardHub.
Intro rates have remained at a 0 percent average for more than 10 months. The time period for intro rates to remain is more than 10 months as well, which is longer than the fourth quarter in 2012.
“Luckily for consumers, delinquency and unemployment rates have stabilized sooner than anticipated,” said Odysseas Papadimitriou, CEO of CardHub. “The same market factors have spurred drastic increases in initial rewards value. The hundreds of dollars in savings therefore available to consumers with excellent credit offer a clear impetus for credit building in the current environment.”
While intro rates have remained steadily positive, cash advance fees continue to rise. The average $10.90 fee has risen from 22.61 percent in 2012's first quarter, to 23.02 percent.
Other fees have fallen or remained the same. Foreign transaction fees fell .44 percent from the last quarter and balance transfer fees were unchanged.