The news released this May that credit card debt balances were declining appeared to be positive on the surface. Certainly, a ...

It may be a while before card rates come down, but you can still take steps to lower your borrowing costs now.

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 ...

Raising or lowering the federal funds rate -- the overnight interest rate between banks -- creates a domino effect. Credit card issuers often follow the Fed's lead, increasing or decreasing their APRs ...

But that’s not the whole reason. Credit card rates are higher now than they have ever been, including times when other interest rates were higher than they are today. The real reason why ...

However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money. The average credit card interest rate was a whopping 21.47% in the fourth ...

Our opinions are our own. If you pay your credit card balance in full each month, then your card's ongoing interest rate (aka its annual percentage rate, or APR) is irrelevant, since you'll never ...

Credit card interest rates stand near a record high. Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt ...

The Fed cut its benchmark short-term interest rate, the federal funds rate, by a full point in 2024 and the average credit card rate has only dropped from 20.74 percent at the start of 2024 to 20. ...

New legislation in Congress that was introduced by an unlikely duo of senators seeks to impose a credit card interest rate cap, with the potential for such a bill becoming law aided by President ...

Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...