![Charlie Bilello on X: "The average interest rate on US credit card balances has moved up to 19.07%. With data going back 1994, that's the highest rate we've ever seen, and 4.5% Charlie Bilello on X: "The average interest rate on US credit card balances has moved up to 19.07%. With data going back 1994, that's the highest rate we've ever seen, and 4.5%](https://pbs.twimg.com/media/FnWfRnfXEAEJPZl.png)
Charlie Bilello on X: "The average interest rate on US credit card balances has moved up to 19.07%. With data going back 1994, that's the highest rate we've ever seen, and 4.5%
How does a credit card calculate interest? If I buy anything for 10,000, how much will I have to pay? - Quora
![Examining the factors driving high credit card interest rates | Consumer Financial Protection Bureau Examining the factors driving high credit card interest rates | Consumer Financial Protection Bureau](https://files.consumerfinance.gov/f/images/cfpb_credit-card-rate-blog_fig-1_2022-08.width-500.png)