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In late 2021, the average interest rate for a credit card was about 14.51%. ... In Other News. ... USA TODAY. At least 7 dead, 19 injured after Philadelphia plane crash, authorities say ...
“The average credit card rate is over 20% and with the Fed hitting the pause button on rate cuts, that rate isn’t going to come down much in the months ahead,” McBride told Fortune.
In fact, the largest 30 credit card companies account for a staggering 95% of the country's credit card debt, with the top 10 dominating the marketplace, according to the CFPB.
U.S. consumer debt snapshot. Average loan balances grew for most types of consumer debt in 2023. Credit cards—the debt products with the highest average interest rates for consumers—grew the most.
The jump in average credit card rates to 20.72% today from 16.16% two years ago is almost fully attributable to the Fed's rate hikes to tamp down on inflation, Rossman said. Keeping credit ...
Interest rates are falling for borrowers. Read on to find out where credit card rates could be by the time 2025 rolls around. Prediction: Here's Where Credit Card Interest Rates Will Be in 2025
Map of S&P's sovereign long-term foreign credit ratings as of March 2024. Legend: AAA AA+ AA AA− A+ A A− BBB+ BBB BBB− BB+ BB BB− B+ B B− CCC+ CCC CCC− SD/D. For S&P, a bond is considered investment grade if its credit rating is BBB− or
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)