Credit Card Rates Rise to a Four Year High

Coupondrawer ― Best Prepaid MasterCard cardWhile credit card rates remain high, most other interest rates have reached 50-year lows. The prime rate, which banks charge their best customers, stands at just 3.25 percent. The federal discount rate -- that's what it costs banks to borrow from the Federal Reserve -- is just .75 percent.Credit Cards for People with Less Than Perfect Credit - CreditCards.comThe 15.14 percent average credit card rate represents a rise of some 300 basis points, or 3 percentage points,[...]