Exactly. I tried to do some research into the current credit cards rates and found a spread of numbers but around 20%[1] seems like a reasonable guess. The curr

Exactly. I tried to do some research into the current credit cards rates and found a spread of numbers but around 20%[1] seems like a reasonable guess. The current prime rate is 3.25%[2]. I'm not saying that credit card companies should lend at prime, but I feel that reducing rates for existing balances to 10 or even 15% could make a huge difference to a lot of people. American Express sent me an email a month ago talking about it being a "difficult time" and nothing is more important to them than their customers "health and safety" but all they can offer is telling me that call volumes are really high so I should manage my account online. That's not really that helpful, sorry! [1] https://www.thebalance.com/average-credit-card-interest-rate-4772408 https://www.thebalance.com/average-credit-card-interest-rate... [2] https://moneywise.com/a/what-is-the-prime-rate https://moneywise.com/a/what-is-the-prime-rate