28.93 percent in 2023 26.72 percent in 2022 24.35 percent in 2021 For comparison, the average credit card interest rate has lingered in the 20 percent to just under 21 percent range since March 2023.

While last year ended with a record level of credit card debt, adjusted for inflation that was still 10% below the peak in 2008, when the economy was in crisis, according to WalletHub research.

The average retail credit card annual percentage rate (APR) hit a new record high of 28.93% this year, up from 26.72% in 2022 and 24.35% in 2021, according to Bankrate’s annual Retail Cards ...

An APR of 10% is less than half the current average credit card APR of 20.78%, according to Bankrate data. The average retail credit card APR is 30.45%, the firm said earlier this month.

The average store-only credit card charges a hefty 30.24% interest rate, and co-branded credit cards – those that pair a bank credit card with a retailer – charge 27.64%, according to a new ...

The average retail credit card now charges 28.93% interest, a record high, according to Bankrate, the personal finance site. In a recent survey of lenders, Bankrate found four retail cards that ...