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A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.
The Discover/Capital One merger is likely to be approved. Despite recession fears, credit card companies are strongly profitable. Learn more about the DFS-COF merger here.
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24/7 Wall St. on MSNWhy High Credit Card Rates Might Not Go Down Anytime SoonThere’s a reason credit card debt can be so dangerous. Credit cards are notorious for charging large amounts of interest. And ...
You aren't necessarily stuck with your current credit card rates. These simple strategies could help lower them.
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Bankrate on MSNWant a better credit card interest rate? Try smaller banks or credit unionsHigh credit card interest rates can make it harder to get out of debt for those carrying a balance on their credit cards from month to month. Credit unions and smaller banks tend to offer lower ...
How are credit card rates ... the federal funds rate, which is set by the Federal Reserve’s Federal Open Market Committee. Essentially, the federal funds rate is the interest rate that banks ...
Why do credit cards have such high rates? The New York Federal Reserve looked into the matter and came up with two chief reasons.
Making matters worse is that credit card interest rates are notably high right now. And they may not fall for quite some time for one key reason. It’s a matter of stubbornly high inflation You ...
Worldwide acceptance of Discover cards continues to grow ... higher savings rates or lower loan interest rates. Members of a credit union share a common bond that defines the credit union ...
The bank is a highly profitable financial institution, thanks to the high-interest nature of the credit card industry. In the ...
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