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Some store credit cards now charge interest of more than 33 percent, well exceeding the consumer credit industry's generally recognized 30 percent ceiling.
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
According to a Bankrate survey, the average retail card APR is now 28.93%, with some retail credit cards charging 32.24%.
Average retail credit card interest rates recently hit a record high of 28.93%. Here's how to protect your finances while taking advantage of store promotions.