What is the maximum credit card rate in New York?

Answer The maximum usury rate in New York state is 25 percent; therefore, banks based in New York may not charge a higher rate than that. However, if the bank is not based in New York, the rule does not a... Read More »

Top Q&A For: What is the maximum credit card rate in New York

What Is the Maximum Balance You Can Transfer to a New Credit Card?

An attractive feature of credit cards is the ability to transfer balances from one card to another. Although this doesn't eliminate debt, it can help save you money if the new card has a lower inte... Read More »

What is the legal maximum apr credit card companies can charge?

Usury, or the act of lending money at an unreasonably high rate of interest, varies from state to state. Many credit card companies have moved to states with more lenient usury laws, such as South ... Read More »

What is the state maximum for credit card interest in Seattle, Washington?

A credit company may charge any interest rate because it is not subject to Washington state laws around predatory lending, or "usury laws." If a company abides by the Truth in Lending Act, it can c... Read More »

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 »