AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.
A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.
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History Of Credit Cards: When Were Credit Cards Invented?
There is no clear answer to what the best credit card is. Different people have different financial needs and backgrounds, so there isn’t one “best” credit card that will suit everyone.
60% of Americans carry a credit card balance — as interest rates top 20%, Fed report finds
Most credit cards have a variable rate, which means there's a direct connection to the Federal Reserve's benchmark. And yet, ...
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Average credit card debt increased 3.5% to $6,730 in 2024
Experian explains that the average credit card balance among U.S. consumers was $6,730 as of Q3 2024, an increase of 3.5% ...
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Average credit card debt increased 3.5% to $6,730 in 2024
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 ...