Skip Nav
Wedding
72 Beautiful Wedding-Invite Printables to Download For Free!
Organization
Watch This Woman Pack More Than 100 Things Into a TINY Carry-On Bag
Disney
36 Reasons You Should Stay FAR AWAY From Disneyland During Halloween Time

Credit Card Interest Rates Hit a Nine-Year High

Credit Card Interest Rates the Highest in Nine Years

We're happy about the new credit card rules finally taking place this week, but the Wall Street Journal reports this morning that these laws have triggered the highest average credit card interest rates in nine years — 14.7 percent.

This means that when you sign up for a new card, you're going to face a pretty high rate because banks aren't able to charge certain fees and don't have the ease of changing rates like they used to. Still, Credit Card Act of 2009 sponsor Rep. Carolyn Maloney tells the WSJ it's "better that consumers should know up-front what the interest rate is, even if it's higher, than to be soaked on the back-end by tricks and hidden fees."

Image Source: Thinkstock
Around The Web
Join The Conversation
Olivia Wilde On Raising 'A Little Feminist' Son
The White House has a clever plan to make it easier for foreign founders to build startups in the US
Credit Card Debt
Credit Card Act of 2009 Regulations
What Does the Government Shutdown Mean?
Photos You Shouldn't Post of Kids on Facebook
How to Pay Off Debt in 5 Years

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Career & Money
X