Credit card APRs are at all-time highs. One reason: Issuers appear to be raising their profit margins, according to the Consumer Financial Protection Bureau.
The average credit card rate is now 22.76%, so it's important to get rid of your card balances as soon as possible.
The average credit card charges a record high 20.74%, according to Bankrate. At more than 20%, if you made minimum payments toward the average credit card balance, it would take you more...
Inflation and higher interest rates boosted credit card debt to a record $930.6 billion at the end of 2022, a 18.5% jump from a year earlier, TransUnion found.
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBW027SBOG) from 2000-06-28 to 2024-10-16 about revolving, credit cards, loans...
Retail credit card interest rates have hit a record high. Here are a few alternative credit cards for your shopping needs
Strong consumer spending boosted credit card balances to a new record high in the third quarter, according to the Federal Reserve Bank of New York.
Record-high credit card debt is brutalizing "mostly lower- and middle-income Americans, who tend to be renters."
A combination of high prices and high interest rates is causing trouble for credit cardholders.