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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

   If the credit card issuer reduces its APR by 0.25 percentage points, to 24.67%, the borrower would still need 27 months to pay down the bill, but the interest would be $1,506 — a savings of $22 ...

3. 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 ...

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

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

   Credit card rates. As of Thursday, the average credit card interest rate in America stood at 24.92%, according to LendingTree, which notes that that is tied with the highest since it began ...

6. 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. ...

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.