What are credit card interest rates? An introduction to interest rates and how you’re charged for borrowing. A quick summary Interest rates help tell you the cost of borrowing money. This cost is shown as a pe
More from CBS News Credit card debt, interest rates and what borrowers should do right now HELOC rates are falling again. Here's what to consider now. How much home equity should I borrow in today's economy? Will home equity loan and HELOC rates drop this June? Experts weigh in ...
What are today's CD interest rates? Depending on your CD type, terms and other details, there's a varying range of CD rates you can qualify for today. The following CD rates are the current national averages for specific terms as of May 30, 2025, according to Bankrate....
These interest rates influence other interest rates throughout the broader economy. Supply of money: The Federal Reserve also influences how much money is in circulation at any given time, which is known as the supply of money. Generally, when the supply is high, interest rates are lower ...
What is better: variable or fixed interest rate? Fixed and variable APR rates can both affect repayment plans for credit card balances. Although the idea of a variable APR sounds unstable at first, these rates may be lower than the fixed interest rates that are not affected by economic...
APR gives you an estimate of how much borrowing money on a credit card will cost. In fact, it includes interest rates and all standard fees. The lower the APR, the cheaper it is for you to borrow. But APR doesn’t include late fees, cash withdrawal fees and other extra charges. You...
Interest Rates 1: What are Interest Rates?Interest ratesmoney marketmonetary policymoneyfinancial marketsThis is the first in a series of seven papers on interest rates and it covers the basic terms and information required for a fuller understanding of the signifi...
Credit card APR vs. credit card interest The APR on your credit card quantifies how much it actually costs to borrow money. Lenders are required to disclose their interest rates as APRs as part of theTruth in Lending Act (TILA).
Credit cards for those with excellent credit scores generally offer lower interest rates, thanks to your strong credit history. When lenders trust you to pay back your debt promptly and responsibly, they have less of an incentive to charge high interest rates. This means you can expect to recei...
When you apply for credit, whether for credit cards, an auto loan, or even a home mortgage, one factor may come up again and again—your credit score. This three-digit figure can have a significant impact on your financial life. High scores may help you qualify for lower interest rates,...