The Federal Reserve made headlines again this week when it decided to keep its benchmark interest rate unchanged at a range of 4.25% to 4.5% during its July meeting. The decision to hold rates steady ...

Americans collectively have $1.277 trillion in credit card debt, according to the latest consumer debt data from the Federal Reserve Bank of New York. This is a significant clampdown on current ...

The Federal Reserve on Wednesday issued the third consecutive quarter-point interest rate cut this year — likely impacting everything from credit card rates and mortgages to online savings accounts.

If you're managing a short-term financial gap, paying interest temporarily can be OK. Calculate the costs when deciding whether to carry a credit card balance or do a balance transfer. Try to avoid ...

Jenny Bauman never ran the numbers to try to calculate just how much her credit card debt would end up costing her at frighteningly high interest rates of nearly 30% a year. And she had absolutely no ...

Interest rates on credit cards have been unusually high for a while and have become an occasional target of politicians. In 2020, during Kamala Harris' first presidential campaign, she proposed ...

Gabriela Walsh is a Certified Educator in Personal Finance® and a personal finance editor at Red Ventures. Her previous work experience includes various editorial positions at FinanceBuzz. She ...

Unfortunately, if you’re among the half of credit cardholders who carry debt from month to month, you’re unlikely to catch much of a break in 2025. Even though rates have fallen to a low of 20.27 ...

Donald Trump made headlines Wednesday night, promising a crowd in New York he would, if restored to the White House, put a “temporary cap on credit card interest rates … at around 10%,” if he were ...