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 ...

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation.

Average American cardholder owes $7,886 with credit card interest rates near 23%. Issuer margins prevent Fed rate cuts from lowering credit card APRs for consumers. Minimum payments of 1-3% go mostly ...