Credit cards are one of the most expensive ways to borrow money from month to month, and yet many Americans continue to take on ever-increasing amounts of this debt. On the heels of another rate hike by the Federal Reserve, the average credit card rate is now more than 20% on average, an all-time high, making it even harder to dig out of debt. While balances are higher, more cardholders are also carrying debt from month to month, according to a new Bankrate report. Read more...
