
When it costs almost $30 a year to spend $100
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7 min
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<p>Average interest rates for retail credit cards, like cards for Gap or Home Depot, have reached new highs at nearly 29%, according to data from Bankrate. That’s compared to the typical rate for your standard Visa or Mastercard, which runs around 21%. What gives? Also: Unpacking today’s GDP figures and the UAW’s tentative deal with Ford.</p>
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When it costs almost $30 a year to spend $100
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