Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the ...
If you've ever owned a credit card before, chances are you're familiar with the term "APR," or annual percentage rate. For specifically credit cards, your purchase APR is essentially your interest ...
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Banks are steadily shifting credit risk on to their cardholders — despite the Fed holding rates steady
You probably know that when the Fed raises or lowers its benchmark interest rate, known as the federal funds rate, it can influence borrowing costs. When the Fed raises rates, borrowing tends to get ...
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