Category Archives: Credit Card Interest Rates

Nearly 60 Percent Of Credit Card Owners Do Not Know The Interest Rate

A recent poll has shown that only 39 percent of people who have a balance on their credit balance know what their interest rate is. This means that 59 million people in America know how much interest that they are … Continue reading

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Credit Card Interest Rates are Unknown to Many

One of the most common forms of debt that American consumers have today are credit cards. Overall, more than 100 million adults across the country carry some form of credit card debt on a monthly basis. Of these people, the … Continue reading

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Millennials Not Sure Of Their Credit Card Interest Rates

Almost half of millennials are not sure of what their credit card interest rate is according to a new survey reported on by CNBC.com. It also turns out that about a third of those surveyed believed that missing a payment … Continue reading

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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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