credit card interest rates

Credit card debt hits record high

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

ABC · 1d

Americans' credit card debt reaches new record high: New York Federal Reserve

Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.

CBS News on MSN · 2d

Credit card debt hits a new record high: 3 ways to tackle yours now

Credit card debt has skyrocketed in recent months, and if you're carrying a balance, it's time to fix the issue.

News Tribune · 1d

Americans Now Hold a Record $1.2 Trillion in Credit Card Debt

Americans are opening credit cards and racking up larger balances, pushing the country’s credit card debt to a new record high. High interest rates, stubborn inflation and continued consumer spending are among the factors that have lifted collective credit card debt to an all-time high of $1.

Money.com on MSN · 1d

America's Credit Card Debt Hits $1.2 Trillion

High interest rates, stubborn inflation and continued consumer spending are among the factors that have lifted collective credit card debt to an all-time high of $1.21 trillion, a

RFK Jr. Reports $1.2M Credit Card Balance. How Much Credit Card Debt Is OK?

Newly confirmed HHS Secretary Robert F. Kennedy Jr. recently reported owing $610,000 to $1.2 million in credit card debt.

Mortgage and credit card interest rates to remain high

Inflation is up for the fourth straight month with families paying more groceries and medical bills, and it being unlikely ...

7don MSN

A bill would cap credit card rates at 10%, echoing a Trump pledge. Are there downsides?

A bill would cap credit card rates at 10%, something Trump promised on the campaign trail. Will Trump follow through? Will ...

Forbes5d

What Is The Average Credit Card Interest Rate?

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

Fox News2d

SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%

For too long, too-big-to-fail banks have made huge profits by charging outrageously high credit card interest rates. This needs to end. That’s why we’ve introduced legislation to immediately ...

USA Today10d

Bernie Sanders, Josh Hawley introduce bill to cap credit card interest rates. What to know

Sen. Bernie Sanders of Vermont and Sen. Josh Hawley, a Republican from Missouri, introduced legislation to cap credit card ...

11d

Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.

Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card interest rates.

4don MSN

Two Senators Want to Cap Credit-Card Rates at 10%. Banks Say That Would Cut Credit Access

A bipartisan pair of senators want to cap your credit-card interest at less than half the typical rate. They may have President Trump's support—but banks aren't so excited.

3don MSN

Trump wants interest rate cuts. The market isn't buying it.

Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president ...

11d

Sanders and Hawley introduce bill to cap credit card interest rates at 10%

Sanders and Hawley’s bill comes after President Donald Trump vowed in the 2024 race to temporarily cap credit card interest ...

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