A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...
Commissions do not affect our editors' opinions or evaluations. The average credit card interest rate is 28.61%, according to Forbes Advisor’s weekly credit card rates report. The Federal ...
Our opinions are our own. A low interest credit card saves you money by reducing the cost of debt: When you're paying less in interest, you can pay back what you've borrowed more quickly.
Factors like your debt-to-income ratio, your income and existing debt all influence the interest rate on your credit card.