"We've seen all types of credit card rates go up in recent years, but store cards have been increasingly notable," said Ted Rossman, senior industry analyst at Bankrate.
"It's becoming way more common for many credit cards to have that as a possible standard rate," Schulz told CNBC in a previous interview.
watch nowYet, about 74% of 2023 holiday shoppers still plan on using credit cards to buy gifts this year, NerdWallet found.
'These 0% promos are very dangerous'Retail credit cards will oftentimes offer a 0% interest promotion described as "deferred interest."
Sara Rathner credit cards expert and writer at NerdWallet.
Persons:
We've, Ted Rossman, Matt Schulz, Schulz, Sara Rathner, NerdWallet, Bankrate's Rossman, Rathner
Organizations:
Bankrate, Finance, CNBC
Locations:
NerdWallet