barrycarter t1_jeeft4r wrote on March 31, 2023 at 12:45 PM

Have you looked at low interest balance transfers with no or low fees? 24-26% seems high to me for credit card interest, even given recent inflation, but is apparently normal. Are you paying a punitive rate because you missed payments?

lilfunky1 t1_jeege55 wrote on March 31, 2023 at 12:50 PM

> 24-26% is very high for credit card interest, even given recent inflation.

it's a pretty standard interest rate for a card that isn't advertised as a low interest card

barrycarter t1_jeegtnf wrote on March 31, 2023 at 12:53 PM

I hate being wrong, but I hate not correcting myself even more, and it turns out you are correct: https://www.forbes.com/advisor/credit-cards/average-credit-card-interest-rate/