Category Archives: Credit Card Interest Rates

The Federal Reserve’s Rate Hike May Affect Credit Card Interest

It is expected that the Federal Reserve will soon announce the increase of federal funds by over 25 points. This means that there will be an increase of $25 per $1,000 of debt in the country. When the Federal reserve … Continue reading

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U.S. Credit Card Interest Rates: The Only Way is Up

The final meeting in 2016 by the Board of Governors of the Federal Reserve System resulted in an increase of interest rates. Chairwoman Janet Yellen commented that more rate hikes are planned for 2017, which means that American credit card … Continue reading

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