Interest rates are coming down, but credit card rates remain stubbornly high. The average credit card rate is 20.51%, Bankrate reports.That’s a hair below the all-time record, 20.79%, set in August.

Borrowing rates for consumers have remained high, despite three interest rate cuts last year. Some experts still expect cuts ...

Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.37%. The Federal Reserve also tracks U.S. consumers' average credit card ...

The typical credit card now charges a record-high 20.72% rate on introductory offers, reports Bankrate.com. Certain types of cards, such as those sponsored by specific stores or retailers, are ...

The average credit card interest rate stands at 20.35%, just slightly below a record-high of 20.79% attained in August before the Fed began cutting rates, Bankrate data showed.

Despite high rates, credit cards have become integral to the U.S. economy. Three-quarters of all American adults have at least one. There were 580 million credit-card accounts in the U.S. in 2023 ...

As of late 2024, credit card interest rates reached a record high of nearly 22 percent. When borrowers aren’t paying off their monthly balances and overextending on purchases, they can still ...

Why credit card interest rates are so high now. Here are a few of the factors that are keeping card rates elevated right now. The high federal funds rate.

For consumers, high credit card interest rates are irrelevant if they don’t carry a balance or take cash advances. But if they revolve a monthly balance, make no mistake, that’s a loan.

3 reasons why your credit card interest rate is so high—that have nothing to do with you CNBC Select answers why issuers charge such high interest and how you can avoid it. Updated Tue, Apr 29 2025 ...