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Key credit card interest rate insights. Highest average credit card interest rate in 2024: 20.79 percent (Aug. 24, 2024) Lowest average credit card interest rate in 2024: 20.27 percent (Dec. 31, 2024)
January 23, 2025 at 5:38 PM. ... Credit card debt, though, can be particularly hard for borrowers to get out of, due to high interest rates that currently average around 20%.
Credit card debt may be climbing, but the situation is far from hopeless. ... in America now costs a stunning $2,329/year on average — but here’s how 2 minutes can save you more than $600 in 2025.
According to data from TransUnion, Americans' average credit card balance was at $6,380, an annual increase of 4.8% in the third quarter of 2024. The combination of soaring inflation rates over the...
Almost half (48 percent) of credit cardholders carry debt from month to month, according to Bankrate’s 2025 Credit Card Debt survey. If this describes you, your interest rate should be your top ...
Where credit card accounts assessed interest saw average rates as low as 16.04 percent in 2018, indebted consumers are now paying average rates of 20.13 percent as of February 2025, according to ...
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