The Fed held interest rates steady, but some credit card APRs keep going up. Here's why By Jessica Dickler, CNBC • Published June 20, 2025 • Updated on June 20, 2025 at 12:29 pm ...

Credit card debt is rising at its fastest clip in more than 20 years, according to the Federal Reserve Bank of New York. Overall, Americans owe $887 billion on their credit cards, a 13 percent ...

Let's do some math: Say you have a credit card balance of $10,000 with an interest rate of 21.47% (the current average). If you made monthly payments of $200, it would take you almost 11 years to ...