Credit card debt set to hit $1T as chronic inflation crushes Americans. Another one to be sure and thank the clueless bastard in the White House for. Credit card interest rates just went over 20%. Here’s what that means. Suppose you can only make minimum payments, due to other inflation driven pressures on your wallet. In that case, it’ll cost you 35% more than what you borrowed to pay off the value of your charges before you’re finished reimbursing the card company. Look at it like this: When #45 started, credit card interest hovered around 12%. Thanks for nothin’ Biden, you horse’s ass.
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