Navigating the Upward Climb of Credit Card and Fed Interest Rates.
TL;DR Summary
Credit card interest rates are expected to increase with another interest rate hike from the Federal Reserve. The current national average rate on credit cards is already over 20%, the highest it has been in decades. Consumers should be aware of the interest they are paying and consider options such as 0% balance transfer cards, personal loans, or debt-management plans to pay less interest. Paying more than the minimum payment each month can also save time and interest charges.
Topics:business#balance-transfer#credit-card-debt#federal-reserve#interest-rates#personal-finance#personal-loan
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