The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.

Credit Card Interest Rate: More people have balances on their cards, with the average amount just over $6,500, the credit ...

Methodology Average credit card interest rates are calculated from a dataset of over 250 credit cards in the U.S. market. To calculate the average overall credit card interest rate, we use a subset of ...

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 local ...

Credit card annual percentage rates, commonly known as APRs, determine how much you’ll pay in interest if you carry a balance on your credit card. Your card’s APR can vary depending on a few different ...

Despite record-high annual percentage rates (APRs) for consumers, credit card debt grew at a slower rate in 2024 than it did in 2023. The total amount of consumer credit card debt in the U.S. grew 8.6 ...