The first step, consumer finance experts say, is to ask your card issuer to reduce the rate. And with average balances now $6,500, consider using your tax refund to put a dent in the debt.

Capping credit card interest rates at 10% sounds ideal, but it could shut millions out. Here's what drives credit card rates and how they got so high.

Nearly half of American households have credit card debt and pay more than 20% in interest on their revolving balances. Even when the Federal Reserve cuts rates, those high APRs don't fall much.

Capping interest at 10% could save Americans billions, but banks say it would shut millions out. Here's what drives rates and ...

Nearly half of Americans are still in credit card debt.

According to a recent Bankrate survey, 46% of respondents said they carry a credit card balance from month to month. NPR's Life Kit debunks some common myths and gives advice about credit card debt.