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.

Although the Federal Reserve hasn't moved its benchmark since December, the average card rate keeps edging higher.

The average credit card interest rate was a whopping 21.47% in the fourth quarter of 2024, according to data from the Federal Reserve.But, your own credit card interest rate is likely to be different.

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.

The average credit card interest rate was 21.5% as of this past May, according to data provided by the Federal Reserve. Rates had surged starting in early 2022 amid red-hot inflation coming out of ...

ERIC DEGGANS, HOST: Americans are carrying massive credit card debt, $1.17 trillion according to the Federal Reserve Bank of New York. And with high interest rates, not paying those bills on time ...

Because credit card interest rates are high, you should try to pay off your credit card debt as quickly as possible. That’s the only way credit card rewards actually help.

To the editor: When reading how high interest rates and credit card debt hurt people in our state, I think about how most people who are not part of the 1% rely on credit cards to help them live a ...

Even the federal rates for unsubsidized graduate student loans (4.30%) and parent loans (5.30%) don't come close to credit card interest rates. 2. Credit cards are unpredictable ...

joining us live now is mike armstrong, president of armstrong advisory group. ... and so you really haven’t seen much in the way of interest rates on credit cards. for those carrying a balance.