How To Replace a High Interest Rate Credit Card With a Low Interest Rate Card?

Answer Many consumers sign up for a specific credit card because they were offered an attractive introductory interest rate. The problem with introductory rates is that they eventually increase. Before yo... Read More »

Top Q&A For: How To Replace a High Interest Rate Credit Card...

What is a considered a high credit card interest rate?

Consumer Reports wants to cap credit card interest rates at the prime rate plus ten percent. Anything above that is considered high. With the prime rate at 3.25 for the week of January 10, 2010, a... Read More »

Is credit card interest tied to the prime interest rate?

According to the Federal Reserve, some variable-rate credit cards base their interest rate on the prime interest rate. However, other rates can also be used, such as the Treasury bill rate.Source:F... Read More »

Can an interest rate on a credit card go down?

Your payment history and credit score determines your interest rate on credit card debt. Raise your credit score by consistently paying your bills on time. Once you've acquired a good credit rating... Read More »

How to Get a Low Interest Rate Credit Card?

In general, a credit card interest rate qualifies as “low” if it’s below 15, with the lowest being under 10 percent. Credit card interest can add up quickly, so if you’re carrying a balance... Read More »