Citigroup (NYSE:C) credit card trust's net charge-off rate gapped up to 3.00% in March from 2.28% in the previous month and 2 ...

Most credit cards have a variable rate, which means there's a direct connection to the Federal Reserve's benchmark. And yet, credit card lenders set annual percentage rates well above the central bank ...

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.