Reported 6 months ago
The average credit card interest rate is 22.63% in 2024, a significant increase from 2019. The article covers various types of credit cards and their average APRs, how credit card interest rates vary by credit score, the history of credit card APR changes, and tips on reducing interest costs. It explains how credit card APRs work, the importance of the interest rate, ways to lower it, and how to avoid credit card interest by paying balances in full. It emphasizes the impact of high interest rates on financial well-being and suggests strategies to efficiently manage credit card debt.
Source: YAHOO