News

AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.
A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.
NBC 10 Philadelphia10d
60% of Americans carry a credit card balance — as interest rates top 20%, Fed report finds
At the same time, credit card interest rates are "very high ... Federal Reserve's rate hike in 2022 and 2023, the average credit card rate rose from 16.34% to more than 20% today — a significant ...
Forbes4d
Average Checking Account Interest Rates Of 2025
Earn 1% cash back on up to $3,000 in debit card purchases each month. See website for details. The average interest rate on checking ... at many banks and credit unions. Compared to checking ...
CardRates.com7d
Despite High Interest Rates, 60% of Credit Card Users Carry a Balance From One Month to the Next
The Fed report finds that 60% of credit card accounts carry a balance from one billing period to the next, despite the fact that card interest rates currently average 23%. The report notes that ...
3 borrowing options HELOCs are cheaper than right now
A HELOC offers one of the cheapest ways to borrow money now, especially when compared to these three alternatives.
Morningstar12d
Why are credit-card interest rates so high? Here's something banks won't advertise.
What's in your wallet? A credit card with interest rates that are far higher than any other major kind of loan. Why do credit cards have such high rates? The New York Federal Reserve looked into ...