Credit Card Rates Give Business a Break

Among the most current average credit card rate drops, the significant change has been the business credit card sector. It’s said that this break may be that business customers have shown strength and thus are faring much better than individual consumers in the current economic recovery.

According to FoxBusiness, business rewards rates are now at the cheapest level of the year relative to consumer rewards cards with average rate drops 16 basis points to 16.05 percent. Rates for non-rewards business credit cards dropped 45 basis points to 14.62 percent, but this was primarily due to an updating of the constituents within this category.