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

Mark payment due dates on your calendar and set reminders to avoid missing them. With average credit card interest hovering ...

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.

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 ...

And one of the areas most impacted by those high-interest rates has been the credit card industry. According to Bankrate.com, the current average credit card rate of 19.42% is the highest on record.

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 ...

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 ...

Bankrate’s annual retail credit cards study shows the average interest rate is now 30.45%. That’s up from 28.93% last year, 26.72% two years ago and 24.35% three years ago.

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.