As he sought to recapture the White House in 2024, Donald Trump promised to "put a temporary cap on credit card interest rates at 10%." During his presidency, bipartisan lawmakers have introduced ...

T here are a few significant perks to using credit cards as part of a well-rounded financial plan. Not only do credit cards ...

If you're seeing these red flags, debt forgiveness could slash your balances by hundreds or thousands of dollars.

While credit card debt for May 2025 technically set a record, topping May 2024 by 3 percent, it actually marks an 8 percent ...

The average retail credit card now charges 28.93% interest, a record high, according to Bankrate, the personal finance site.. In a recent survey of lenders, Bankrate found four retail cards that ...

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 ...

If you had a credit card APR of 20% and paid just $200 on your card each month, you would pay more than $2,296.74 in interest to become debt-free. And remember, that's only if you didn't make any ...

However, credit card interest rates aren't likely to start a downward trend until the Fed starts cutting rates, which doesn't seem likely at least before the second half of 2024.

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

Interest rates vary by credit card. Canadian cards typically run between 19.99% and 25.99%, although there are low-interest rate cards like the MBNA True Line Mastercard that charges a standard ...