Record-high credit card interest rates cost consumers $25 billion in 2023: Report

The average APR hit the highest level on record ... expensive credit card products. These practices may help explain why credit card issuers have been able to prop up high interest rates to ... Read More

Interest rates could be high for much longer. Here's what it means for your finances

The prospect of high interest rates for a longer period of time could exacerbate the financial pain already imposed by elevated borrowing costs, making loans expensive even as consumers still weather ... 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

Martin Lewis issues credit card warning and the ‘core weapon’ to use and beat high interest charges

MARTIN Lewis has warned credit card holders to take advantage of a “core weapon” to avoid high interest charges. The founder of MoneySavingExpert.com (MSE) is urging people with credit ... Read More

The Fed indicated rates will remain higher for longer. What does that mean for you?

The Federal Reserve's decision this week to keep its benchmark rate at a two-decade high should have ripple effects across the economy. Here's what to know. 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

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