Credit Card Interest Rates Reach All-Time High

NBC reports that the cost of credit card debt is now the highest it's been in over 30 years, with average interest rates up to 19.04%. "Bankrate has been surveying credit card rates since 1985, and this eclipses the previous all-time high of 19.00% from July 1991.", Greg McBride, Bankrate chief financial analyst, via NBC.