Wells Fargo pared down the low end of the APR range offered for its Cash Back and Rewards cards, sending the national APR average downward to 14.83 percent. Both cards carried an APR range of 12.15 percent to 22.15 percent before the movement. Those ranges were tweaked to 11.15 percent to 23.15 percent.
Card APRs rose significantly in 2009 in the wake of the CARD Act reforms, but have stabilized in the last 12-18 months.
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