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2. Here's how the Fed's rate cut could impact your credit card ...

   www.aol.com/heres-fed-rate-cut-could-183516797.html

   About 4 in 10 Americans carry a credit card balance, according to Fed ... an additional $1,528 in interest, Schulz noted. If the credit card issuer reduces its APR by 0.25 percentage points, to 24 ...

3. Here are the credit products already cheaper after the Fed's ...

   www.aol.com/credit-products-already-cheaper-feds...

   As of Monday, American Express and US Bank have lowered the offered APRs on several credit cards on their websites by 0.50 percentage points, or the same amount as the Fed's rate cut last week ...

4. Sick of high credit card interest rates? Time to learn how ...

   www.aol.com/finance/sick-high-credit-card...

   “The average credit card rate is over 20% and with the Fed hitting the pause button on rate cuts, that rate isn’t going to come down much in the months ahead,” McBride told Fortune.

5. How the Fed affects credit cards - AOL

   www.aol.com/finance/fed-affects-credit-cards...

   With that small decrease, the Fed decided to maintain its target interest rate in the 5.25 percent to 5.50 percent range at its June 2024 meeting. ... the central bank hasn’t yet declared ...

6. Why some credit card APRs are rising even after the Fed ...

   www.aol.com/why-credit-card-aprs-rising...

   It follows that credit card rates spiked along with the Fed’s string of 11 rate hikes starting in March 2022. The average annual percentage rate rose from 16.34% at that time to more than 20% ...

7. How the Fed affects credit cards - AOL

   www.aol.com/finance/fed-affects-credit-cards...

   Your credit card rates are tied to the prime rate, to which issuers add a markup to arrive at your card’s interest rate. The prime rate, in turn, is based on the Fed’s target interest rate.

8. The Fed didn’t budge on rates. Here’s why that matters for ...

   www.aol.com/finance/fed-didn-t-budge-rates...

   That’s good news for your bank accounts, since another rate cut would probably mean a lower return on your money. At the meeting, held January 28-29, the Fed left interest rates unchanged at 4. ...

9. Credit card interest rate forecast for 2025: Rates will only ...

   www.aol.com/finance/credit-card-interest-rate...

   The Fed cut its benchmark short-term interest rate, the federal funds rate, by a full point in 2024 and the average credit card rate has only dropped from 20.74 percent at the start of 2024 to 20. ...