With multiple Fed rate cuts looming, does credit card debt forgiveness make sense now? Here's what to consider.

All credit cards come with more than a few moving parts. Among them is an annual percentage rate, or APR — the cost of borrowing money using the card. However, the tricky thing with credit cards is ...

While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.

NEW YORK — Americans would save roughly $100 billion a year in interest costs if President Donald Trump‘s campaign proposal to cap credit card interest rates at 10% were implemented, according to a ...

Americans collectively have $1.277 trillion in credit card debt, according to the latest consumer debt data from the Federal Reserve Bank of New York. This is a significant clampdown on current ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of local ...

Interest rates for credit cards and some other loans will head down, now that the Fed has cut short-term interest rates for the first time in 2025.

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of local ...

NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled.