Your Daily Credit Card Interest Illustrates the Cost of Your Debt

Credit card interest rates are climbing. Here's how to tackle your debt

By Anna Bahney, CNN BusinessInterest rates are climbing this year on all kinds of consumer debt, and that’s bad news for those who carry a credit card balance.The Federal Reserve has been pushing interest rates higher in an ongoing campaign to battle inflation, announcing an unprecedented three consecutive 75-basis-point jumps. That has pushed up the cost of borrowing for many consumers.Typically credit card users can avoid paying interest on pu…

Credit card interest rates are climbing. Here's how to tackle your debt - Local News 8

By Anna Bahney, CNN BusinessInterest rates are climbing this year on all kinds of consumer debt, and that’s bad news for those who carry a credit card balance.The Federal Reserve has been pushing interest rates higher in an ongoing campaign to battle inflation, announcing an unprecedented three consecutive 75-basis-point jumps. That has pushed up the cost of borrowing for many consumers.Typically credit card users can avoid paying interest on pu…

Your Daily Credit Card Interest Illustrates the Cost of Your Debt

If you need motivation to get out of credit card debt, see how much you're paying for it each day.