But why are credit card interest rates so high right now? It has a lot to do with where the economy stands, how the Federal ...

Sheets expects GDP to grow in the second quarter, pushed by consumers rushing to make purchases ahead of tariffs coming into ...

Using recurring credits, or trying to, can feel a bit like homework and might result in unplanned purchases just to get a ...

Discover the best banks for personal loans. Compare their rates, terms and benefits to find the most ideal borrowing options ...

Ashley Fricker has more than a decade of experience as a finance contributor and editor, and has specialized in the credit card industry since 2015. Her credit card commentary is featured on national ...

Credit card issuers should prepare for legislation that threatens to severely decrease income from card interest rate fees. Times are tough for the American consumer. The stock market slumped during ...

India's central bank is expected to cut rates three more times this year by 75 basis points, mainly due to the downturn in economic growth from U.S. import tariffs. Citibank economists forecast a ...

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.

Rep. Alexandria Ocasio-Cortez introduced a bill that would cap credit card interest rates at 10%. The average annual percentage rate on credit balances has jumped to 21% in 2024 from 12% in 2003.