An illustration photo shows a display of credit cards on September 12, 2023 in Los Angeles, California. Credit card debt from US consumers is rising by billions of dollars amid higher inflation and interest rates, topping $1 trillion for the first time in history, according to the Federal Reserve Bank of New York. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
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Expert predicts where credit card rates will be a year from now

The Federal Reserve started cutting interest rates in September of 2024. Since then, the average credit card interest rate has barely come down. CNN's Vanessa Yurkevich asks Bankrate's Ted Rossman when credit card rates might move lower and what people with credit card debt should do.

1:53 • Source: CNN
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An illustration photo shows a display of credit cards on September 12, 2023 in Los Angeles, California. Credit card debt from US consumers is rising by billions of dollars amid higher inflation and interest rates, topping $1 trillion for the first time in history, according to the Federal Reserve Bank of New York. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
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Expert predicts where credit card rates will be a year from now
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