Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $28,748
35%  
Woo hoo!! And we're now over 35%!! Thank you all very much!! God bless.

Keyword: credicard

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  • Record-high credit card interest rates cost consumers $25 billion in 2023: report

    02/22/2024 6:30:02 AM PST · by ChicagoConservative27 · 34 replies
    The Hill ^ | 02/22/2024 | Taylor Giorno
    The average annual percentage rate (APR) on credit cards nearly doubled to 22.8 percent in 2023 from 12.9 percent in 2013, costing consumers around $25 billion in interest fees last year, according to a new analysis by the Consumer Financial Protection Bureau (CFPB). The average APR hit the highest level on record at the end of last year, according to the bureau’s analysis of data from the Federal Reserve, which started tracking it in 1994. The surge in the overall average APR comes as credit card debt has hit an all time high. U.S. credit card debt topped $1.1 trillion...
  • Retail credit card interest rate hits record high

    11/07/2022 9:54:11 AM PST · by ChicagoConservative27 · 32 replies
    The Hill ^ | 11/07/2022 | TOBIAS BURNS
    The average credit card interest rate for retail stores has hit a record high of 26.72 percent while general purpose credit cards now charge an average of 22.6 percent, according to a study released Monday by industry group Creditcards.com. The rise in annualized percentage rates (APRs) comes as the Federal Reserve is raising the rates at which banks can borrow money from each other, making financing more expensive throughout the economy. Twenty-four credit cards on the market now charge 30 percent, including cards from retailers Dick’s Sporting Goods, Burlington and Wayfair. That’s ten times what the Fed was telling banks...