Depending on the type of credit card, the average interest rate varies. Compare what different average interest rates look like.
Average Credit Card Interest Rate for December 2024: 24.37% APRByBEN WOOLSEYUpdated December 10, 202410:19 AM ESTPart of the SeriesHow The Fed’s Interest Rates Affect Consumers The median average credit card interest rate for December 2024 is 24.37%. Investopedia tracks over 300 credit card in...
Credit card interest rates have been unchanged in the first few months of 2024. A wide variety of consumer loans, including credit cards, are tied to movements of the Fed funds rate, which is the mechanism the Fed employs to stimulate or slow the magnitude of lending, depending on economic ...
Most credit card issuers have routinely increased a card’s highest possible APR as well as its lowest rate each time they have matched a rate hike from the Fed. As a result, the average maximum card APR has climbed especially high lately, with a record number of card offers now capping ...
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The current average interest rate on credit cards is 15.10%. See current trends and rates. Interest rates on credit cards are on the rise again. © CreditDonkey Through 2019, the Federal Reserve raised its benchmark interest rate again. This time, interest rates increased a quarter of a ...
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BEST FOR FLAT-RATE REWARDS Capital One QuicksilverOne Cash Rewards Credit Card Our rating:3.9Our writers, editors and industry experts score credit cards based on a variety of factors including card features, bonus offers and independent research. Credit card issuers have no say or influence on ho...
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The average credit card rate has reached its highest point in decades, according to a recent survey from Bankrate.com. Bankrate.com's survey on Wednesday found the average credit card rate hit a record high of 17.96%. That rate is up 3.5% from roughly a month ago and up 10.8% from a...