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

Most credit cards have a variable rate, which means there's a direct connection to the Federal Reserve's benchmark. And yet, ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

The Bankrate survey also shows that 89% of Gen Z cardholders, aged 18-28, and 87% of cardholders earning more than $100,000 ...

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.

Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...

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 ...

If you're looking for a personal loan with the best rate, Business Insider has done the research for you and found the lowest ...

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 ...

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 ...

Even if you live in a state with Speedway stores, you probably won’t want the Speedway credit card on account of its poor ...