When credit card rates go up, borrowers spend less on plastic, according to a research paper by the Federal Reserve Bank of ...
Credit card users are about to see their APRs rise for the second time in three months, as the Federal Reserve boosted its key interest rate Wednesday to keep the economy from overheating. "Job gains ...
Although the Federal Reserve started slashing interest rates in September, the average credit card interest rate has barely budged. For some retail credit cards, interest rates have only gone up. In ...
Most credit cards have variable rates with direct connections to the Federal Reserve’s benchmark. It follows that credit card rates spiked along with the Fed’s string of 11 rate hikes starting in ...
Erin Gobler is a personal finance writer based in Madison, Wisconsin. She writes about topics including budgeting, student loans, credit, mortgages, investing and insurance. Her work has been ...
A new report from the Federal Reserve Bank of Boston shows that people spend less when credit card APRs increase—especially ...
ASPEN – When Greg Jurgensen first got to Aspen, for a winter in the mid-’80s, he got a bartending gig at the Tippler. The job, right at the bottom of Lift 1A, placed him smack in the heart of the ...
Most credit cards have variable rates with direct connections to the Federal Reserve’s benchmark. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.