The Federal Reserve's war on inflation has driven up credit card rates to the highest level on record going back to the mid-1980s.
Mandatory Credit:	Adobe Stock

The Federal Reserve's war on inflation has driven up credit card rates to the highest level on record going back to the mid-1980s.
Mandatory Credit: Adobe Stock

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Credit card rates hit a record high as Fed fights inflation

It's never a great time to carry credit card debt. But right now is arguably the worst time.