Inflation is creeping back up, and that could mean big changes for your credit card rates. Here's what to know.

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 improving sentiment, the cost of carrying credit card debt remains high. A $6,000 balance at today’s average rate of ...

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 ...

T he national average for credit card interest rates is now the highest it has been in at least the last 38 years as the Federal Reserve keeps monetary policy tight to drive down inflation.. This ...

"Bankrate has been surveying credit card rates since 1985, and this eclipses the previous all-time high of 19.00% from July 1991," Bankrate chief financial analyst Greg McBride wrote Wednesday.

The average annual percentage rate (APR) on credit cards nearly doubled to 22.8 percent in 2023 from 12.9 percent in 2013, costing consumers around $25 billion in interest fees last year ...

The average interest rate on bank-issued credit cards reached 19.1% late in 2022, according to a Federal Reserve consumer credit report released Monday, marking the highest rate since the ...

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

High-interest credit cards can significantly increase the cost of carrying a balance, with rates around 30 percent APR being particularly expensive. It may be beneficial to consider switching to a ...

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.