How Rising Interest Rates Affect Your Credit Card Balance

A $5,000 card balance can cost over $1,000 a year in interest when APRs top 21%—here's exactly how Fed rate hikes push your credit card costs higher.

A $5,000 card balance can cost over $1,000 a year in interest when APRs top 21%—here's exactly how Fed rate hikes push your credit card costs higher.