Commissions do not affect our editors' opinions or evaluations. Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 28.70%.

How are credit card rates set? The typical credit card rate formula is the Prime Rate plus a profit margin set by the card issuer. On average, this margin often runs between 12 and 13 percent.

A Texas judge on Tuesday threw out a proposed Biden-era rule limiting credit card late fees to $8, granting a request from ...

A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.

Our opinions are our own. Some Bank of America® credit cards reward loyal customers who keep all their financial accounts in one place. But even if you bank elsewhere, the issuer offers cards ...

An unchanged federal funds rate means your credit card's APR likely won't be adjusted either. Credit card interest rates, on average, currently sit over 20%, according to the Federal Reserve.

and how they both protect your credit score For rates and fees for the Blue Cash Everyday® Card from American Express, click here For rates and fees of The Platinum Card® from American ...

Capping credit card interest rates is starting to look like the hot policy idea of the season for populist lawmakers on both the left and right. This month, Rep. Alexandria Ocasio-Cortez ...

credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss ...