Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

With Interest Rates So Low, Why The Heck Are Credit Card APRs So High?

Friday, September 23, 2011 - 1:14 PM
From Moneyland |
It doesn’t seem to make sense: The Federal Reserve just announced a plan intended to lower long-term interest rates; it’s kept short-term interest rates at historic lows, and says it will continue to do so through mid-2013. So what are we to make of the news from that credit card APRs have just hit a record high, their fifth in this year alone?

Continue reading...
WhataBummerWhataBummer413 posts since
Oct 15, 2010
Rep Points: 1,702