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The biggest news in the world of personal finance on Sept. 18, 2024 was the first of what is likely to be multiple federal funds rate cuts. ... given how expensive credit card debt is to begin ...
Key credit card interest rate insights. Highest average credit card interest rate in 2024: 20.79 percent (Aug. 24, 2024) Lowest average credit card interest rate in 2024: 20.27 percent (Dec. 31, 2024)
Unfortunately, credit cards charge interest -- a lot of it. As of May 2024, the average rate on credit card accounts assessed interest was 22.76%. ... and we're surrounded by examples of expensive ...
This means the average credit card interest rate could slide to about 21.7% by the end of this year and fall to about 20.7% by the end of 2025. ... The top 10 food trends of 2024.
Key takeaways. High-interest credit cards can significantly increase the cost of carrying a balance, with rates around 30% APR being particularly expensive.
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