What is a considered a high credit card interest rate?

Answer Consumer Reports wants to cap credit card interest rates at the prime rate plus ten percent. Anything above that is considered high. With the prime rate at 3.25 for the week of January 10, 2010, a... Read More »

Top Q&A For: What is a considered a high credit card interes...

How To Replace a High Interest Rate Credit Card With a Low Interest Rate Card?

Many consumers sign up for a specific credit card because they were offered an attractive introductory interest rate. The problem with introductory rates is that they eventually increase. Before yo... 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 »

What is the average credit card interest rate?

As of April 2010, the average consumer credit card had an interest rate of 16.78 percent, according to Index Credit Cards. Business credit cards had an average APR of 13.75 percent for non-reward c... Read More »

What is the standard interest rate on a credit card?

There are hundreds of different credit cards available, all with different interest rates and benefits. While a good interest depends on factors particular to your situation, there are some guideli... Read More »