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Liz Weston: Think twice before charging expensive European vacation on high interest credit card

Weston: Generally it’s better to borrow only for something that can grow in value over time. Vacations should be paid out of your current income. read more

Capping credit card interest is a truly awful idea - Fox News

The best way to fight against high credit card rates is financial literacy and personal responsibility. The government, which runs deficits near 7% of GDP and has its own debt problem , probably ... read more

The pros and cons of rewards cards with high interest rates

Rewards cards usually have high interest rates, so the only smart way to use one is as a convenience: Charge only what you can afford to pay off when the bill comes. read more

Why High Credit Card Rates Might Not Go Down Anytime Soon

So getting back to your credit card’s interest rate — the reason it’s so high now is because the Fed raised rates numerous times in 2022 and 2023 to try to bring inflation down. read more

Why are credit card interest rates so high in Canada?

In summer 2024, credit card interest rates are about 20%, with an even steeper 23% rate for a cash advance. The prime rate for the bank’s best customers is 6.95%, putting the credit card spread ... read more

Why are credit card interest rates so high? Here's the real reason. - USA TODAY

Interest rates are coming down, but credit card rates remain stubbornly high. The average credit card rate is 20.51%, Bankrate reports.That’s a hair below the all-time record, 20.79%, set in August. read more

Why are credit-card interest rates so high? Here's something banks won't advertise. - Morningstar

Despite high rates, credit cards have become integral to the U.S. economy. Three-quarters of all American adults have at least one. There were 580 million credit-card accounts in the U.S. in 2023 ... read more

Why High Credit Card Rates Might Not Go Down Anytime Soon - AOL

So all told, there's reason to believe that credit card rates could remain high for the rest of 2025. How to shed your credit card debt The sooner you pay off your credit cards, the less interest ... read more

Why Are Credit Card Interest Rates So High? - CNBC

Federal student loans, which are backed by government funds if a borrower defaults, also carry less risk than credit cards and thus have lower interest rates. The average 15.78% credit card APR ... read more