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 ...

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 ...

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

Credit card interest can rack up quickly and get expensive ... giving you ample time to pay down the purchase before your standard rate kicks in. The same goes for balance transfers, though ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada ...

However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money. The average credit card interest rate was a whopping 21.47% in the fourth ...

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. ...

But that’s not the whole reason. Credit card rates are higher now than they have ever been, including times when other interest rates were higher than they are today. The real reason why ...

Claire Dickey is a Newsweek senior editor based in Florida. Her focus is reporting on personal finance news, with extensive coverage related to credit cards and banking. Claire joined Newsweek in ...

Credit card interest rates stand near a record high. Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week. Credit card debt ...