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 ...

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 ...

Many, or all, of the products featured on this page are from our advertising partners who compensate us ... interest rate you receive is based on several factors — such as your income, credit ...

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 ...

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 ...

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

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.