AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.
A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.
CardRates.com23h
Despite High Interest Rates, 60% of Credit Card Users Carry a Balance From One Month to the Next
The Fed report finds that 60% of credit card accounts carry a balance from one billing period to the next, despite the fact ...
60% of Americans carry a credit card balance — as interest rates top 20%, Fed report finds
Most credit cards have a variable rate, which means there's a direct connection to the Federal Reserve's benchmark. And yet, ...
Yahoo Finance4d
Current credit card interest rates
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 ...
NBC New York4d
60% of Americans carry a credit card balance — as interest rates top 20%, Fed report finds
At the same time, credit card interest rates are "very high," averaging 23% annually in 2023, the New York Fed found, also making credit cards one of the most expensive ways to borrow money.
Why are credit-card interest rates so high? Here’s something banks won’t advertise.
A credit card with interest rates that are far higher than any other major kind of loan. Why do credit cards have such high ...
Morningstar5d
Why are credit-card interest rates so high? Here's something banks won't advertise.
What's in your wallet? 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 ...