Credit Card Rates at 22%: How the Middle Class Is Subsidizing Bank Prof

Sep 11, 2025 - 20:45

In 2025, the average credit card interest rate in the U.S. has climbed to a staggering 22.25%, a near-record high according to the Federal Reserve. For millions of middle-class households carrying balances, this translates to a crushing financial burden that’s quietly funneling billions into the coffers of major banks. This article explores how skyrocketing credit card rates are disproportionately hitting the middle class, why banks are reaping unprecedented profits, and what consumers can do to break free from this debt trap.