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Entries Tagged as 'higher fees'

Feds Cut Rates, Yet Credit Card Rates Continue Upward??

December 9th, 2008 · No Comments · Credit Cards

It’s a classic case of “what is wrong with this picture”: the Federal Reserve recently slashed it’s benchmark interest rate for the umpteenth time this year to 1%, it’s lowest level in years, yet many consumers are getting broadsided with higher rates and fees on their credit cards. So what gives? The bottom line is, [...]

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