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Average interest rates on credit cards have skyrocketed in recent years and are now more than 20 percent. In 2022 — the most recent year for which data is available — credit card companies ...
The average APR on a new credit card offer now stands at 24.92%, the highest since LendingTree began tracking new rates in 2019, according to the financial services site.
Key insights on retail credit card interest rates in 2024. The average interest rate for retail cards is at an all-time high. At 30.45%, that means carrying a balance is more expensive than ever ...
Average interest rates on credit cards have been running at more than 21% this year, according to Fed data. Fed rate cuts will help, but prices for goods and services may remain uncomfortably high ...
The jump in average credit card rates to 20.72% today from 16.16% two years ago is almost fully attributable to the Fed's rate hikes to tamp down on inflation, Rossman said. Keeping credit ...
The average rate on a store card was 30.45%, up from 24.35% in 2021 and well above the current average for credit cards overall (roughly 21%). The highest APR the study found was 35.99% for cards ...
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