Podknife - Why It Keeps Getting More Expensive to Carry a Credit-Card Balance by WSJ Your Money Briefing

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Why It Keeps Getting More Expensive to Carry a Credit-Card Balance

Podcast |: WSJ Your Money Briefing
Publisher |: The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; Investing,; Personal Finance
Categories Via RSS |: Business News,; News
Publication Date |: Oct 11, 2024
Episode Duration |: 00:09:02

The average credit-card interest rate was 21.5% in May, hovering around its highest level in Federal Reserve data going back to 1994. Wall Street Journal reporter Angel Au-Yeung joins host J.R. Whalen to also discuss why the rates remain so high and the status of a proposed $8 cap on credit-card late fees. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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