Credit card interest rates are at record highs. Cards have 'never been this expensive,’ CFPB says

Credit card interest rates are at all-time highs. Consumers who carry a balance paid an average ... the Consumer Financial Protection Bureau. Credit card interest rates have ballooned to record ... Read More

There’s good news and bad news about household debt

The average credit card interest rate is a record 27.90%, according to Forbes. A rate that high makes it very difficult to pay ... Mark Huffman has been a consumer news reporter for ConsumerAffairs ... Read More

Credit card delinquency rates hit worst level since 2012 in new Fed data

A growing number of Americans are struggling to make their credit card payments every month as they continue to battle high inflation and interest rates. Read More

This Week In Credit Card News: Delinquency Rates Are At Highest Level Since 2012

Corrected, April 17, 2024: A earlier version of this article included an incorrect timeframe for Federal Reserve of Philadelphia data on credit card delinquency ... brace for another rate hike as ... Read More

Credit card APRs are at an all-time high—and so are credit card providers’ profits. What’s behind the record-high rates?

According to the Consumer ... use credit cards likely pay record-high fees not solely due to higher borrowing costs in the economy but because credit card providers have set sky-high rates ... Read More

The economy grew a disappointing 1.6% in Q1. What does it mean for interest rates?

The U.S. economy slowed more than expected early this year as weaker business stockpiling and exports offset solid consumer spending and a flurry of housing construction. ... Read More

What Is The Average Credit Card Interest Rate?

The average ... credit card — one that a consumer uses to help build their payment history or credit to raise their credit score — usually carries a higher interest rate. Whereas a person with ... Read More

Klarna says its new card will help customers avoid credit-card debt — but the interest rate could be up to 34% in some cases

The buy-now-pay-later provider says its new card isn’t a credit card, but that doesn’t mean it won’t charge interest. Read More

Today’s best savings rates

High-yield savings rates took off in 2022 when the Federal Reserve began raising interest rates to combat record inflation. But since July 2023, the federal funds rate has held at its target range of ... Read More

Credit card APRs are at an all-time high—and so are credit card providers' profits. What's behind the record-high rates?

According to the Consumer ... use credit cards likely pay record-high fees not solely due to higher borrowing costs in the economy but because credit card providers have set sky-high rates ... Read More