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A mericans are leaning on credit cards more than ever as inflation (while cooling) continues to drive up the prices of ...
It may be a while before card rates come down, but you can still take steps to lower your borrowing costs now.
Raising or lowering the federal funds rate -- the overnight interest rate between banks -- creates a domino effect. Credit card issuers often follow the Fed's lead, increasing or decreasing their APRs ...
The Fed, aiming to tamp down on historically high ... funds rate and prime rate results in an increase in your card's APR. Now is a good time to transfer your credit card debt to a balance ...
Americans eased up on credit card and car debt to start the year, but new data shows student loan delinquencies surged.
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 ...
Consumers now are carrying $1.17 trillion in outstanding credit card balances, up 8.1% from a year ago, according to research released in November by the Federal Reserve Bank of New York.
But when the Fed started slashing interest rates ... according to Bankrate. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping season ...
The Fed's rate policies affect the costs of mortgages, auto loans, credit card rates and other forms ... something that Powell stressed on Wednesday. "Now we have today's inflation reading ...
The Philadelphia Fed started tracking this back in 2012 ... big-ticket expenses and emergencies. “People are now using their credit cards for everyday expenses,” said Chip Lupo, an analyst ...
Although the Federal Reserve started slashing interest ... according to Bankrate. Now, the average interest rate on a store card is at an all-time high just ahead of the holiday shopping ...