This Week In Credit Card News: Some Retail Cards Now Have A 33% Interest Rate; Credit Scores Hit All-Time High

Interest Rates on Some Retail Credit Cards Climb to Record 33%

Some store credit cards now charge more than 33% interest, after blowing past a symbolic 30% threshold that retailers and banks dared not cross. The average retail credit card now charges 28.93% interest, a record high, according to Bankrate, the personal finance site. In a recent survey of lenders, Bankrate found four retail cards that charge an eye-popping 33.24% annual interest. The retailers: Burlington, Academy Sports + Outdoors, Good Sam and Michaels. [USA Today]