How much do Americans pay in interest on credit card debt?

Answer Depending on the credit card company, Americans generally pay between 10 percent and 30 percent interest, based on credit history. Rates can get as high as 79.99 percent. Borrowers with excellent c... Read More »

Top Q&A For: How much do Americans pay in interest on credit...

How much credit card debt do Americans have?

The average American household has $15,519 in credit card debt, according to, as of April 2010. This figure is calculated by dividing the total revolving debt in the United States, ... Read More »

Tips on Cutting Interest on Credit Card Debt?

You could save hundreds of dollars, or even more, on your credit card debt every year by having the interest rate reduced. Interest rates determine how much the credit card company can bill you eac... Read More »

How to Eliminate High-Interest Credit Card Debt?

High-interest credit card debt can cripple someone who doesn't get it under control. If you have credit card debt with annual interest rates of more than 19 percent, eliminating this debt can be cr... Read More »

Is credit card interest tied to the prime interest rate?

According to the Federal Reserve, some variable-rate credit cards base their interest rate on the prime interest rate. However, other rates can also be used, such as the Treasury bill rate.Source:F... Read More »