Yes, a 24% interest rate on a credit card would generally be considered high. Interest rates on credit cards can vary widely depending on factors such as the cardholder’s creditworthiness, the issuing bank, and prevailing market conditions. However, a 24% interest rate is well above the average credit card interest rate, which tends to be in the range of 15-20%. High-interest rates like 24% can lead to significant finance charges if the balance is not paid off in full each month, potentially causing financial strain for the cardholder. It’s advisable to seek lower interest rate options or pay off credit card balances promptly to avoid accruing excessive interest charges.