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The Fed cut rates again — but don’t expect your credit-card APR to get much lower anytime soon. Here’s why.
Many card issuers now use the prime rate as a starting point to determine credit-card APRs. The prime rate is generally the Fed’s benchmark rate, plus another 3 percentage points. Card issuers ...
CNET28d
The Fed Cut Rates Again, but Don't Expect Relief From Sky-High Credit Card Interest
The Fed's Summary of Economic Projections calls ... If you don't carry a balance on your credit card right now, congratulations! But if you have good credit, you might still want to consider ...
Yahoo Finance29d
The Fed lowered interest rates — again: Here’s what that means for your credit cards
The Federal Reserve is again lowering its target federal funds rate range — after The Federal Open Market Committee (FOMC) session on December 18, 2024, the range ...
Yahoo Finance29d
What credit card users need to know about the Fed's December rate cut
The Federal Reserve has made its third consecutive ... If you’re only making minimum payments toward your credit card balances, now is the time to start putting as much as you can toward paying ...
Morningstar27d
The Fed cut rates again - but don't expect your credit-card APR to get much lower anytime soon. Here's why.
Many card issuers now use the prime rate as a starting point to determine credit-card APRs. The prime rate is generally the Fed's benchmark rate, plus another 3 percentage points. Card issuers ...