After years of elevated borrowing costs, most borrowers have become accustomed to seeing credit card interest rates remain stubbornly high . Case in point? Right now, credit card rates are averaging close to 22%, and many cardholders are carrying revolving balances at even higher rates. But that doesn't mean borrowers have stopped looking for relief from today's high credit card costs, particularly if they're carrying balances from month to month while allowing the interest charges to compound.