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Navigating the Upward Climb of Credit Card and Fed Interest Rates.

1 min read
Source: CNBC
Navigating the Upward Climb of Credit Card and Fed Interest Rates.
Photo: CNBC
TL;DR

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:businesspersonal-finance#balance-transfer#credit-card-debt#federal-reserve#interest-rates#personal-finance#personal-loan
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  1. Credit card interest rates keep climbing. Here's what consumers need to know and what they can do about it  CNBC
  2. Fed Will Decide Next Rate Move After Bank Jitters  The New York Times
  3. Markets Expect One Last Fed Rate Hike. Beware—This Just Happened in Australia.  Barron's
  4. Markets keep assuming the Federal Reserve's next rate hike will be the last  Washington Examiner
  5. Is a Fed Rate Pause Coming? Watch These Words  Bloomberg

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