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Consumers Roll Over Debt Without Knowing Their Interest Rate

  • About 46% of US credit-card customers don’t pay off in full
  • Soaring inflation is making its way into card balances
Updated on

More US consumers are relying on their credit cards each month — and many are doing so without knowing the interest rates they’re paying.

Around 46% of cardholders don’t pay off credit cards in full each month, according to data collected by Bankrate LLC in December, up from 39% a year earlier. About 43% of those with debt aren’t aware of the rates associated with their cards, according to the firm.