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2026 Sees Soaring Credit Card Rates Amid Debt Crisis

1/6/2026

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Story summary
  • In 2026, Americans face credit card interest rates averaging about 22.83%.
  • Despite three Federal Reserve rate cuts in 2025, credit card rates have not significantly decreased.
  • Total credit card debt stands at $1.23 trillion, weighing on borrowers.
  • Rates are 17%–21% for excellent credit and above 24% for fair or poor credit.