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

More and more people who are filing for bankruptcy have retail credit card debt, and those bills are getting harder to pay ...

If not used responsibly, they can easily spiral into a debt trap. Every credit card comes with an interest rate, which means you'll be charged a fixed percentage on the amount you borrow.

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 ...

The Fed’s decision to hold rates steady has far-reaching implications for almost all forms of borrowing as well as the ...

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 ...

Credit card interest rates are climbing nonstop, even though the Fed has already cut its benchmark rate three times in 2024 ...

To calculate your credit card interest using the average daily balance method, divide your annual percentage rate by 365 to determine the daily interest rate. Every day that you carry a balance ...

Why? With average credit card interest rates soaring to 24.20% in May 2025 and continuing to climb, even the best investment strategies won't pull you out of the financial quicksand. You have to ...

The average APR for all credit card accounts is 15.13%, and rises to 16.65% for accounts assessed interest, according to the latest data from the Fed. Maybe those rates seem manageable but ...

Below, CNBC Select rounded up the best credit cards of June 2025 that can help you build credit, save on interest and earn ... Chase Freedom Unlimited® (See rates and fees) Best for premium ...