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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. This is just my prediction, of course, and it's ...
The Fed cut its benchmark short-term interest rate, the federal funds rate, by a full point in 2024 and the average credit card rate has only dropped from 20.74 percent at the start of 2024 to 20. ...
Based on the latest expectations for Fed rate cuts, I'd predict that the average credit card interest rate of 22.76% will fall to 21.76% by the end of 2024 and to 20.26% by the end of 2025.
See our predictions for rates on mortgages, credit cards, savings accounts and more. ... according to the 2024 interest rate forecast from Bankrate’s chief financial analyst Greg McBride, CFA.
Nobody knows for sure where interest rates will head next. ... Latest Interest Rate Predictions for 2024 -- And What They Mean for Your Bank Accounts ... that could affect the future of interest ...
In May 2022, right after the Federal Reserve began raising its benchmark rate, the average interest rate on credit card accounts assessed interest (as opposed to those with an intro 0% APR) was 16 ...
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A new Bankrate study shows that retail cards come with sky-high interest rates compared to other credit cards. The average retail credit card interest rate is now at a record high of 30.45 percent.
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