Americans' c redit card debt is at an all-time high. Soaring interest rates on credit cards coupled with other economic factors could make the situation worse. In March, Representatives Alexandria ...

Consumer credit-card debt in the United States has risen along with soaring inflation and interest rates, prompting some ...

How are credit card rates ... the federal funds rate, which is set by the Federal Reserve’s Federal Open Market Committee. Essentially, the federal funds rate is the interest rate that banks ...

What is a high interest rate for a credit card? Right now, the average credit card interest rate in the United States is around 20 percent, with variable APRs often ranging from 18.24 percent to ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

In a move that many Americans have been anticipating over the last couple months, on Wednesday the Federal Reserve raised interest rates for the first time since December 2018. The Fed, aiming to ...

Making matters worse is that credit card interest rates are notably high right now. And they may not fall for quite some time for one key reason. It’s a matter of stubbornly high inflation You ...

The Federal Reserve voted to hold rates steady at its meeting March 18-19. An unchanged federal funds rate means your credit card's APR likely won't be adjusted either. Credit card interest rates ...

Rep. Alexandria Ocasio-Cortez introduced a bill that would cap credit card interest rates at 10%. The average annual percentage rate on credit balances has jumped to 21% in 2024 from 12% in 2003.