But why are credit card interest rates so high right now? It has a lot to do with where the economy stands, how the Federal ...

You aren't necessarily stuck with your current credit card rates. These simple strategies could help lower them.

How are credit card rates set? The typical credit card rate ... Essentially, the federal funds rate is the interest rate that banks charge each other for short-term (generally overnight) loans.

The average interest rate in February 2024 was 22.63%, according to the Federal Reserve. Credit card rates shift for individual consumers based on several factors, including creditworthiness.

Boost your credit score from 650 to 800 in 2025 with 5 smart moves—pay on time, use less credit, diversify loans, apply less, ...

When choosing a credit card, you should examine factors such as annual fees, welcome benefits, and extra perks to ensure that ...

CD rates are a product of their economic times, and we're currently in a rosy period. At other times in history, CD rates ...

Ever wonder how much money you're leaving on the table with your credit cards? Most cardholders miss out on hundreds in ...

The Blue Cash Preferred Card from American Express has an annual fee, but it's easy to offset it with rewards from regular ...

Ashley holds a bachelor's degree in multimedia journalism from Florida Atlantic University. If you fall into the latter camp, pay close attention to interest rates when you comparison-shop for a new ...

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.