It may be a while before card rates come down, but you can still take steps to lower your borrowing costs now.

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

The average credit card interest rate typically refers to the purchase APR, or annual percentage rate, on your card. This number accounts for the amount of interest you’ll pay over the course of ...

Ben Woolsey is a full-time Associate Editorial Director at Investopedia, focusing on financial products and services. He has worked in marketing, operations, and content management roles for banks ...

you'll be more likely to be approved for a lower interest rate, even if only for a limited time. Another way to negotiate is by comparing your current credit card terms with other similar credit ...

For example, the current prime rate is 3.25% ... Below, CNBC Select breaks down three reasons why your credit card interest rate is so high and what you can do to avoid ever having to worry ...

According to Forbes Advisor, the current average credit card interest rate is 28.72 percent. Stock image/file photo: Credit cards laid out on a surface. Stock image/file photo: Credit cards laid ...

The proposed cap is a stark reduction from current rates ... "During his campaign, President Trump pledged to cap credit card interest rates at 10 percent. We're making that pledge more than ...

What's in your wallet? A credit card with interest rates that are far higher than any other major kind of loan. Why do credit cards have such high rates? The New York Federal Reserve looked into ...

How are credit card rates ... the federal funds rate, which is set by the Federal Reserve’s Federal Open Market Committee. Essentially, the federal funds rate is the interest rate that banks ...

it may also be considered when determining your interest rate. Because those with lower income and lower credit scores are seen as higher-risk borrowers, card issuers and other lenders will be ...