But why are credit card interest rates so high right now? It has a lot to do with where the economy stands, how the Federal ...

Credit card debt has been surging nationwide — and with rates where they are, it's no wonder why. According to the Federal Reserve, the average credit card rate sits at over 23% right now — up ...

The average APR for all credit card accounts is 15.13%, and rises to 16.65% for accounts assessed interest, according to the latest data from the Fed. Maybe those rates seem manageable but ...