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Why It Keeps Getting More Expensive to Carry a Credit-Card Balance
The average credit-card interest rate was 21.5% in May, hovering around its highest level in Federal Reserve data going back to 1994. Wall Street Journal reporter Angel Au-Yeung joins host J.R. Whalen to also discuss why the rates remain so high and the status of a proposed $8 cap on credit-card late fees.
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By The Wall Street Journal
4
16481,648 ratings
The average credit-card interest rate was 21.5% in May, hovering around its highest level in Federal Reserve data going back to 1994. Wall Street Journal reporter Angel Au-Yeung joins host J.R. Whalen to also discuss why the rates remain so high and the status of a proposed $8 cap on credit-card late fees.
Sign up for the WSJ's free Markets A.M. newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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