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.

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 ...

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.

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.

By Jeffry Bartash . Credit cards are a risky business, and TV ads aren't cheap . What's in your wallet? A credit card with interest rates that are far higher than any other major kind of loan.

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 ...

Credit card interest rates might seem outrageous, some stretching beyond a 20% annual percentage rate, far higher than mortgages or auto loans.

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 ...