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If you have credit card debt, your interest rates are likely to remain high in 2025. ... Key credit card interest rate insights. Highest average credit card interest rate in 2024: 20.79 percent ...
The average credit card interest rate stands at 20.35%, just slightly below a record-high of 20.79% attained in August before the Fed began cutting rates, Bankrate data showed.
Here are the highest retail credit card interest rates rates Bankrate has found: Academy Sports + Outdoors Credit Card: 35.99%. Big Lots Credit Card: 35.99%. Burlington Credit Card: 35.99%.
The typical credit card now charges a record-high 20.72% rate on introductory offers, reports Bankrate.com. Certain types of cards, such as those sponsored by specific stores or retailers, are ...
In fact, a recent Bankrate survey on retail cards found that the average retail credit card interest rate hit a high of 28.93 percent last year.
This means the average credit card interest rate could slide to about 21.7% by the end of this year and fall to about 20.7% by the end of 2025. ... Paying off your high-interest credit card debt ...