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US Midterm Candidates Tap Rare Bipartisan Issue: Credit Card Rates

Bloomberg Markets Saturday 31 October 2026, 15:00 UTC By Aidan Williams 1 min read
Key Points

US High Credit Card Rates Emerge as Rare Bipartisan Midterms Issue With control of Congress hanging on a number of razor-thin races, both Democrats and Republicans are seizing on voters’ frustrations with rising credit card debt to win over inflation-weary Americans. Credit card interest rates are now over 20% on average — nearly double what they were a decade ago — compounding the burden of monthly payments. The mix of high rates, a pickup in inflation and rising costs across the broader...

US High Credit Card Rates Emerge as Rare Bipartisan Midterms Issue With control of Congress hanging on a number of razor-thin races, both Democrats and Republicans are seizing on voters’ frustrations with rising credit card debt to win over inflation-weary Americans. Credit card interest rates are now over 20% on average — nearly double what they were a decade ago — compounding the burden of monthly payments. The mix of high rates, a pickup in inflation and rising costs across the broader economy has helped drive the credit card delinquency rate toward its highest level since 2011.
US Midterm Candidates Tap Rare Bipartisan Issue (ORG) Credit Card (ORG) Rare Bipartisan Midterms Issue With (ORG) Congress (ORG) Democrats (ORG) Republicans (ORG) Americans (ORG)
Originally published by Bloomberg Markets Read original →

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