The best car insurance companies are Geico, Progressive, and USAA, based on average premiums, customer reviews, and WalletHub editor ratings. The best auto insurance companies provide affordable coverage, a variety of insurance types, and plenty discounts.

The following represents historical data on credit card interest rates in the United States. These rates are presented as functions of credit card delinquency, national unemployment and credit card charge-offs. The margin reflects the differential above the Prime Rate.

Credit card interest rates are quite revealing, as they speak to changes in the economic environment, allow for historical comparison, and enable consumers to determine if they are getting a good deal on their credit card.  Furthermore, they can be used to unearth seasonal trends in credit card offers and therefore time applications more fortuitously.

You can’t get an accurate sense of the consumer debt situation without considering credit card delinquency and charge-off rates. These metrics speak to the sustainability of consumer spending habits, indicating the ability of credit card users to stay current on their bills. For example, high delinquency rates may foreshadow a rash of defaults as well as the potential for a downturn in the economy, while a downward trend in default rates could indicate economic or habitual improvement.

Furthermore, consumers continue to owe charged-off debt for years, which means ignoring such sums will paint a misleading picture of the debt landscape.

What Are Credit Card Interest Rates?

Credit card interest rates tell you how much it will cost to borrow money from a credit card company, by carrying a balance from month to month. For example, if your interest rate is 20% and you carry a $500 balance, you would owe roughly $100 in interest after a year.

Understanding the credit card climate is important for two reasons. First, credit card offers change regularly, based on the health of the economy and issuers’ business objectives. So being able to see the bigger picture – averages, trends, etc. – gives you a baseline against which to compare offers. And that will help you find the best credit card deals as well as ultimately save more money.

Monitoring the credit card landscape can also tell you a lot about the health of the U.S. consumer. For example, 0% introductory APRs and initial rewards bonuses dried up during the Great Recession. And the decline in consumer credit quality during that period was a big reason why.

The average credit card interest rate is 21.05% for new offers and 16.27% for existing accounts, according to WalletHub’s Credit Card Landscape Report. The average interest rate among new credit card offers has increased by nearly two percentage points since 2010.

High school seniors face a laundry list of tasks when getting ready for college. Between standardized tests, essays and financial-aid applications, the final months before orientation can be difficult. One of the most important steps in the process is the campus visit, which often includes a tour of the city or town that will serve as the student’s home for the next several years.

Experts have argued that a school’s geographical location is just as important as a strong curriculum and supportive school environment to a student’s academic success and personal development. As student living expenses can reach over $30,000 for a 12-month period, students should try to find the most bang for their buck. That’s especially true during the current period of high inflation, as money is tight for many people. Therefore, it’s in students’ interest to live in a city with a reasonable cost of living, as well as one that provides good academic and work opportunities. The ideal city should also provide a fun social environment to help students deal with the stress of college.

Finding love can be tough, especially during a year of high inflation that has left many people strapped for cash. The average date costs over $90 and 19% of people in Gen Z and 22% of millennials report going into debt for dates. Therefore, it certainly pays to live in a place where dating activities, such as dining out or watching a movie, are relatively cheaper.

More entertainment choices and a low cost of living don’t matter much, however, if the number of potential mates to meet are limited in your area. Nearly 50% of the U.S. adult population is unmarried (never married, divorced or widowed), according to the latest U.S. Census Bureau estimates. The share may be higher or lower in an individual city, though, and the ratio of women to men also will differ in each. Some singles may boost their chances of meeting others through online dating, which got a boost in popularity during the COVID-19 pandemic.