- Credit Card Interest Rates At Record High (Consumer Affairs)
The average credit card interest rate has risen to 15.74%, an all-time high, according to CreditCards.com.
That record covers the span that the card comparison website has been conducting its weekly analysis. In the past, long before the internet, credit card rates have been a lot higher. But in recent memory, they haven’t. CreditCards.com calculates its average by looking at the rates on the 100 most popular credit cards in the U.S., in all types of categories. For example, the average rate on credit cards for consumers with bad credit is much higher – 23.20%. But “low interest” credit cards, usually offered to consumers with good or excellent credit, have an average interest rate of 12.50%.
Ex-Theater Agent Admits to Tricking Friends Into Investing in Fake Play (NY Times)