Why are credit card interest rates higher than mortgage interest rates?

Even with the best credit score, your credit card interest rate will still be higher than the interest rate for your mortgage.  There are several reasons for this.  The main reason is that your mortgage is secured by collateral while your credit card balance is unsecured and at risk.  Credit card interest rates are also closely tied to the economy and your credit score.  However, if you shop around you can find credit cards with lower interest rates.

For more information read, “Why Are Credit Card Interest Rates So High?”