Credit card interest rates are over 20%, and while not a record high, these costly rates can be a strain on people who carry ...

Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...

Money tip: The most important thing to know with respect to credit card rate adjustments is that Federal Reserve rate changes (up or down) generally pass through to customers within a month or two.

cash back to offset expenses or even a long introductory 0% annual percentage rate (APR) to save money on interest. Or if you’re a beginner, a starter credit card available to those with limited ...

The average credit card rate is 20.51%, Bankrate reports. That’s a hair below the all-time record, 20.79%, set in August. Card rates are so high, in part, because of the Federal Reserve.

Rising credit card interest rates can make it difficult to pay off ... and have a record of your credit score and credit card use. If you have a history of keeping up with payments and other ...

On Sept. 18, the Federal Reserve announced that it was cutting the Fed funds rate by 0.5%. To understand the impact on credit card rates, think of it as a chain reaction. When the Fed funds rate is ...

Former President Donald Trump has proposed capping interest rates that consumers pay on their credit cards to 10% to provide them with temporary relief. History tells us that good intentions can ...

Editor’s Note: This article contains updated information from a previously published story. When you don’t pay your credit card balance in full by the end of the billing statement period, you ...

It’s the second Fed interest rate cut in two weeks and the largest in the Fed’s history. With federal ... including your credit cards. The Fed cuts interest rates in an attempt to stimulate ...