A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.

You aren't necessarily stuck with your current credit card rates. These simple strategies could help lower them.

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

How are credit card rates ... the federal funds rate, which is set by the Federal Reserve’s Federal Open Market Committee. Essentially, the federal funds rate is the interest rate that banks ...

A credit card with interest rates that are far higher than any other major kind of loan. Why do credit cards have such high rates? The New York Federal Reserve looked into the matter and came up with ...

The Fed may make adjustments to the federal funds rate based on the economy's current ... however, credit cardholders' interest rates are above the prime rate. "Most credit card issuers add ...

If you tend to carry a balance most months, a card with a low ongoing interest rate will work to your advantage in the long run. NerdWallet's credit cards content, including ratings and ...

An unchanged federal funds rate means your credit card's APR likely won't be adjusted either. Credit card interest rates, on average, currently sit over 20%, according to the Federal Reserve.

Your credit ... rate many lenders use for financial products like credit cards, mortgages and auto loans. When the Federal Reserve makes adjustments to the federal funds rate — which is the ...

But while the Fed's pause means credit card interest rates likely won't climb higher in the immediate future, that doesn't mean relief is on the way. Credit card APRs remain at record highs ...

The lowest interest rates typically require having a good or excellent credit score (scores of 670 and above). Once you have a higher credit score, you can call your current card issuer and ask if ...