With credit card interest rates near record highs, you might feel like it’s impossible to pay down your debt. In early 2025, ...

Credit card debt is exploding in the U.S. According to a recent report from the Federal Reserve Bank of New York, credit card balances grew to $1.23 trillion in the third quarter of 2025, a ...

Forbes Advisor’s weekly credit card rates report indicates that the current average credit card interest rate is 25.32%. The Federal Reserve also tracks U.S. consumers' average credit card interest ...

(CNN) - President Donald Trump is pushing for a 10% cap on credit card rates. It is his latest attempt to quell affordability concerns. While Americans who are suffering from record-high credit card ...

Industry experts agree that a 10% interest rate cap could lead to the cancellation or severe restriction of credit card accounts for up to 90% of cardholders – specifically those with credit scores ...

With more people facing mounting debt and credit card balances, financial experts say consumers need a rate reality check ...

On Jan. 9, President Donald Trump announced on Truth Social his support for a temporary 10% cap on credit card interest rates, posting, “We will no longer let the American public be ‘ripped off’ by ...

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. By Ann ...

President Trump, under pressure to bring down the painfully high cost of living, announced at Davos that he is calling on Congress to cap credit card interest rates at 10 percent for one year. Its ...