What are Prime Credit Card Rates?
Author: Bill B
Posted: Thu Jul 22, 2004 6:25 pm
Post subject: What are Prime Credit Card Rates?
9/17/2001 10:02 am CDT
I see that the fed cut rates by a half point.Does this apply to variable credit cards as well,Or just morgages and loans..Gee these banks like Discover with these fixed rates 16.99% are going to make out like bandits..Maybe i should get rid of these fixed ones and get the variables..Now i have one other question.I have Nextcard at 15.99% Variable and last statment said it was 15.99% and i think it doeant go below that either.Should i transfer $5,500 from discover at 16.99% to the 15.99% ext card with no BT fee,s? I figure the Discover 1.9% expires 11/2001 and if i do switch they will offer me another transfer at a loow rate for 6 more months..What do you all think?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira Stoller
Posted: Thu Jul 22, 2004 6:26 pm
Post subject: What are Prime Credit Card Rates?
9/17/2001 9:16 pm CDT
The Federal Reserve cut the Prime Rate by .5%. This has no direct bearing on you & I. It's the rate at which banks can borrow from the Federal Reserve for short terms. Banks may or may not pass the saving on to their clients. Usually they don't.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Thu Jul 22, 2004 6:26 pm
Post subject: What are Prime Credit Card Rates?
9/17/2001 10:39 pm CDT
CREDIT CARD TRAK 09/17/01.
Since January 1st of this year, the prime rate has
dropped from 9.50% to 6.00% while average credit card rates have fallen from 16.57% to 14.98%. (3.50% vs. 1.59%)
Posted: Thu Jul 22, 2004 6:25 pm
Post subject: What are Prime Credit Card Rates?
9/17/2001 10:02 am CDT
I see that the fed cut rates by a half point.Does this apply to variable credit cards as well,Or just morgages and loans..Gee these banks like Discover with these fixed rates 16.99% are going to make out like bandits..Maybe i should get rid of these fixed ones and get the variables..Now i have one other question.I have Nextcard at 15.99% Variable and last statment said it was 15.99% and i think it doeant go below that either.Should i transfer $5,500 from discover at 16.99% to the 15.99% ext card with no BT fee,s? I figure the Discover 1.9% expires 11/2001 and if i do switch they will offer me another transfer at a loow rate for 6 more months..What do you all think?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira Stoller
Posted: Thu Jul 22, 2004 6:26 pm
Post subject: What are Prime Credit Card Rates?
9/17/2001 9:16 pm CDT
The Federal Reserve cut the Prime Rate by .5%. This has no direct bearing on you & I. It's the rate at which banks can borrow from the Federal Reserve for short terms. Banks may or may not pass the saving on to their clients. Usually they don't.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Thu Jul 22, 2004 6:26 pm
Post subject: What are Prime Credit Card Rates?
9/17/2001 10:39 pm CDT
CREDIT CARD TRAK 09/17/01.
Since January 1st of this year, the prime rate has
dropped from 9.50% to 6.00% while average credit card rates have fallen from 16.57% to 14.98%. (3.50% vs. 1.59%)
posted by CardRatings.com at 1:45 PM
0 Comments:
Post a Comment
<< Home