The Fed's keeping high interest rates on pause. Here's what borrowers suffering under high-rate debt should do now.

Your credit card APR can go up if the prime rate changes, you paid your credit card bill late, your intro APR offer ended or ...

The Federal Reserve keeps short-term rates the same in July, holding rates as is for the fifth meeting in a row. What's next ...

The Federal Reserve held its benchmark interest rate steady again on Wednesday, leaving the federal funds rate locked in the ...

For the first time since 1993, two members of the central bank’s policy committee broke from the pack, but interest rates ...

Credit cards come with a plethora of perks, but it’s always good practice to only put purchases on a card you’re sure you can ...

The Federal Reserve left interest rates unchanged for a fifth straight meeting, with policymakers stuck in a prolonged ...

APR is deliberately confusing and compounds daily. Read disclosure boxes, use 0% offers strategically, and make multiple ...

You most likely got a rewards card, since those are typically the ones that don’t charge for foreign transactions. Rewards ...

So getting back to your credit card’s interest rate — the reason it’s so high now is because the Fed raised rates numerous times in 2022 and 2023 to try to bring inflation down.

Retail cards hit a record high average interest rate of 30.5% last year, according to a Bankrate survey, and rates have stayed close to those levels this year.

Credit cards: Credit cards are a type of revolving debt that usually comes with a very high interest rate. As of publishing, average interest rates are around 21% to 28% APR.