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forbes.com
🌐 85% Global Worthiness
High Retail Credit Card APRs Persist Despite Fed Rate Cuts
Despite the Federal Reserve lowering interest rates, many retail credit cards continue to charge high APRs; a recent CFPB report found 19% of retail cards had APRs above 35%, and the average APR for new cards from top retailers was 32.66% in December 2024.
High Retail Credit Card APRs Persist Despite Fed Rate Cuts
Despite the Federal Reserve lowering interest rates, many retail credit cards continue to charge high APRs; a recent CFPB report found 19% of retail cards had APRs above 35%, and the average APR for new cards from top retailers was 32.66% in December 2024.
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Reduced Inequality
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