How a Tariff Ruling Could Affect Credit Card Rewards

The costliest mistake: chasing points while carrying debt I’ve watched this play out a thousand times on trading floors and in family kitchens: someone swipes for 3% cash back, then pays 20%+ APR on the balance. That math doesn’t pencil. The Federal Reserve reported the average APR on accounts assessed interest was 22.8% in Q4 2023 (G.19), and it stayed above 20% through 2024. Even if you’re earning a solid 2% rewards rate, the interest meter runs 10x faster when you don’t pay in full. That’s the budget leak most people miss because the statement shows the points, but the…