As credit card interest rates continue to rise, retailers are offering new rewards programs to ensure that customers will continue to shop and use cards.
According to a recent report from CreditCards.com, about one-third of the 65 cards in the survey added value to their rewards program in the past year.
Retail credit card use is at an all-time high, with consumers feeling the pressure from the lost 25% average APRs. Only 10 of the 65 cards surveyed offering APRs less than the general average of 16.15%. In 2017, one card company hit the 30% APR for the first time.