credit issuers Archives - Marketplace

Larger credit card issuers charge higher rates than smaller ones

by Stephanie Hughes

Feb 16, 2024

Consumers often choose a familiar name, despite the costs. The CFPB's findings come as credit card debt in the U.S. is rising.

The median interest rate that larger issuers offered to customers with good credit is 28%, according to the Consumer Financial Protection Bureau.

Justin Sullivan/Getty Images

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