Average APRs have inched down slightly, but you should focus on lowering your credit card balance as soon as you can.

Fed policy decisions directly impact your wallet, including the interest rates on your credit cards. We’ll tell you how.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

The average credit card interest rate is 22.80%, according to November 2024 Federal Reserve data — a significant jump from the average 16.98% rate in 2019. However, the current credit card ...

The Federal Reserve's prime rate affects the interest you pay on your credit card. Learn more about the prime interest rate ...