Articles Tagged ‘rising interest rate’

Why Are Credit Card Interest Rates Rising?
Friday, May 25th, 2012
Why Are Credit Card Interest Rates RisingIt might not make sense to most of us. Even though interest rates on home mortgages have fallen to historic lows, and the interest rates we earn on our savings accounts and CDs are near 0%, interest rates on credit cards seem to be rising. Why exactly is this happening? Not surprisingly, there are a number of different opinions, and doesn’t necessarily appear to be any single element that’s leading to the credit card rate increases. It’s probable that rising credit card rates are due to a number of different factors, although it’s difficult to know exactly how much each...

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