News

Credit card debt, interest rates and what borrowers should do right now
Credit card debt and interest rates may be high now, but borrowers still have options. Here's what to consider next.
Hosted on MSN2mon
AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.
Americans' c redit card debt is at an all-time high. Soaring interest rates on credit cards coupled with other economic factors could make the situation worse. In March, Representatives Alexandria ...
Business Insider4mon
Average Credit Card Interest Rates: How Much Interest Will You Pay?
Affiliate links for the products on this page are from partners that compensate us ... rate products and services to help you make smart decisions with your money. The average credit card interest ...
CNET25d
The Fed Didn't Touch Interest Rates, but Your Credit Card APR Could Still Go Up. Here's Why
Raising or lowering the federal funds rate -- the overnight interest rate between banks -- creates a domino effect. Credit card issuers often follow the Fed's lead, increasing or decreasing their APRs ...
CNBC1mon
3 reasons why your credit card interest rate is so high—that have nothing to do with you
the high interest rate acts as a way for the card company to still make consistent money — which leads us to our last reasoning. Since credit cards are designed for large-scale consumption ...
NPR6mon
Trump plans to cap credit card interest rates
NPR's Eric Deggans asks Natasha Sarin, former counselor to Treasury Secretary Janet Yellen, about plans to cap credit card interest rates ... Yale Law School helping us think through this.
New York Post8mon
Trump suggests capping annual credit card interest rates at 10% — but critics fear ‘price controls’
Stephen Yang for the New York Post Former President Donald Trump floated limiting annual credit card interest rates to a maximum of 10% during a campaign stop on Long Island Wednesday night ...
Yahoo Finance3mon
A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?
Amid surging credit card interest rates and rising delinquencies, a bill with bipartisan support would cap rates at 10%, about half the current average, for five years. The legislation would ...
Los Angeles Times10mon
Letters to the Editor: Credit card debt and high interest rates are hurting Californians. We need reform
To the editor: When reading how high interest ... to punish us for using credit cards by allowing the credit card companies to charge whatever they please at loan shark rates.
Forbes5mon
How And When Is Credit Card Interest Charged?
In other words: Not paying your credit card bill in full and on time can be expensive with months of financial consequences. How Do I Find Out the Interest Rate On ... For many of us, it may ...
Business Insider2mon
AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.
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.