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Retail credit card interest rates rise to record highs, topping 30% APR

Por: CBS News Politics October 24, 2023

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Ahead of holiday shopping season, credit card interest rates hit record highs Swipe-happy shoppers beware: Those enticing retail credit cards from your favorite merchants may put a bigger dent in your wallet than ever before. That's according to Bankrate's annual retail cards that shows the annual percentage rate (APR) on retail credit cards this year has hit a record high of 28.93% on average, up from 26.72% in 2022. That's well... + full article



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