Commissions do not affect our editors' opinions or evaluations. Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 28.72%.

How are credit card rates set? The typical credit card rate formula is the Prime Rate plus a profit margin set by the card issuer. On average, this margin often runs between 12 and 13 percent.

credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss ...

You can also check out our list of best credit cards for alternative options ... remains a fluid one," Powell explained. "We do recognize that a rate cut will not reduce the rate of infection ...

These credit cards deliver lasting value that can easily outweigh their annual fees, even years after you open them -- find ...

Credit card rates may not decrease for quite some time. Rates are likely to drop once the Fed lowers its benchmark interest rate, which may not happen for a while due to lingering inflation.

Innovators can help customers use credit well by setting prices low, limiting risk, and providing nonfinancial assistance, ...

With more than 50 million redeemed miles under her belt, Becky Pokora is a rewards travel expert. She's been writing about credit cards and reward travel since 2011 with articles on Forbes Advisor ...

Making matters worse is that credit card interest rates are notably high right now. And they may not fall for quite some time for one key reason. It’s a matter of stubbornly high inflation You ...