Credit card APRs are rising due to a variety of factors. Carrying a balance costs more with a higher APR. You can avoid credit card interest by paying off your balance in full each month. The annual ...

Although the Federal Reserve started slashing interest rates in September, the average credit card interest rate has barely budged. For some retail credit cards, interest rates have only gone up. In ...

New CFPB data warns that accounts with these so-called “teaser rates” ultimately tend to wind up with higher long-term balances than cards without them.

Nearly half of American households have credit card debt and pay more than 20% in interest on their revolving balances. Even when the Federal Reserve cuts rates, those high APRs don't fall much.

Erin Gobler is a personal finance writer based in Madison, Wisconsin. She writes about topics including budgeting, student loans, credit, mortgages, investing and insurance. Her work has been ...

Although the Federal Reserve hasn't changed its benchmark since December, the average credit card interest rate keeps inching higher. In part, card issuers are trying to protect themselves from ...

The Federal Reserve cut rates by a quarter point in October — the second cut of 2025. Another quarter-point cut is widely expected when the Fed meets next week, though chair Jerome Powell isn't ...

Most credit cards have variable rates with direct connections to the Federal Reserve’s benchmark. It follows that credit card rates spiked along with the Fed’s string of 11 rate hikes starting in ...