Credit card interest rates have a major impact on debt balances. Here are three key items to know about rates 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 Bank of England has cut interest rates from 4.5% to 4.25% at its latest meeting in May - the second reduction in 2025.

Credit card balances have ballooned to record highs in recent months with the average credit card debt in the U.S. estimated ...

Credit card interest rates and balances have been on a roller coaster over the past several years, and inflation has been a key contributing factor. For example, in November 2024, the latest month ...

When the base rate changes, it has an impact on your borrowing and saving, as banks and lenders will update their interest rates to reflect the Bank of England decision ...

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 ...

Interest rates are a key feature of many credit cards and play a big part in the potential fees you may be charged for carrying a balance. If you already carry a balance on your credit card ...