Consumers want credit products despite high interest rates: TransUnion

The high interest rate environment has done little to dampen ... expert to get your questions answered. In March, the Consumer Financial Protection Bureau (CFPB) finalized a rule capping credit card ... Read More

Credit card interest rates highest in at least 38 years

The national average for credit card interest ... higher, they can dampen demand by making things more expensive and slowing consumer spending. The trade-off, though, is that if rates are too high ... Read More

This Week In Credit Card News: High Interest Rates Hurting Consumers And Companies

Higher Interest Rates Could Cost U.S. Companies $380 Billion in Slowly Unfolding Crisis Companies across the U.S. are barreling toward a refinancing cliff that could cost them billions in the new era ... Read More

Consumer Credit Rises Despite Higher Interest Rates, Keeping A Recession At Bay

The idea is that higher rates will reduce demand ... has been in place since 2011. Finally, credit card debt was flat during the quarter. In total, consumer debt rose from $16.90 trillion in ... Read More

How Fed Rates Influence Mortgages, Credit Cards and More

Higher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt. Read More

3 reasons why your credit card interest rate is so high—that have nothing to do with you

This added risk translates into a higher ... We go over more tips to avoid interest below. Credit cards may be notoriously known for their high interest rates, but the good news is that you ... Read More

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

NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the ... Read More

Credit card interest rates could go down in 2024: What you can do now to qualify

Get all the news you need in your inbox each morning. One has to go back to 2011 ... toward paying off some credit card debt. The problem is that high interest rates continue to hurt those who ... Read More

How to lower your credit card interest rate

If your credit has improved since you were first issued your credit card you may qualify for a better interest rate. Or you could look for a card with a lower interest rate, and transfer your balance. Read More

What Is the Average Credit Card Interest Rate?

Compared with some other loans, credit cards may have high ... higher interest rates. The average interest rate for a private label credit card in 2022 was 27.7%, according to data in a 2023 ... Read More

Consumers want a break on prices and interest rates but Fed keeps rates high

In a fight against inflation, the Federal Reserve raised interest rates 11 times from March 2022 through July 2023. Now consumers want rate cuts. Read More

Fed holds interest rates steady, lowers forecast to just one cut in 2024 amid high inflation

The Fed pared its forecast to 1 rate cut in 2024 despite Wednesday's CPI report which showed a further inflation slowdown. Read More