It may be a while before card rates come down, but you can still take steps to lower your borrowing costs now.

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

Ben Woolsey is a full-time Associate Editorial Director at Investopedia, focusing on financial products and services. He has worked in marketing, operations, and content management roles for banks ...

If you tend to carry a balance most months, a card with a low ongoing interest rate will work to your advantage in the long run. NerdWallet's credit cards content, including ratings and ...

Interest rates are a key feature of many credit cards and play a big part in the potential fees you may be charged for carrying a balance. If you already carry a balance on your credit card ...

Interest rates affect how much it costs to borrow money, including how much you pay in interest for credit card debt. While the Fed's decision may not change your credit card interest rate anytime ...

Please visit our list of the best cash-back cards for alternative options. While it's true that your credit score plays an important factor in determining your interest rate on any new line of ...

But that’s not the whole reason. Credit card rates are higher now than they have ever been, including times when other interest rates were higher than they are today. The real reason why ...

According to Forbes Advisor, the current average credit card interest rate is 28.72 percent. Stock image/file photo: Credit cards laid out on a surface. Stock image/file photo: Credit cards laid ...

How are credit card rates ... the federal funds rate, which is set by the Federal Reserve’s Federal Open Market Committee. Essentially, the federal funds rate is the interest rate that banks ...