Credit Card Rates Rise to 4-Year High

Credit card rates have risen to a four-year high—this, at a time when the Fed is practically begging banks to lug away free money. Does that mean that card companies are making out like bandits? And where can card customers expect card rates go in 2012? "Rates currently are the highest since we've been tracking them," says Ben Woolsey, director of marketing for CreditCards.com, which has tracked card rates every week for the past four years. The average rate nationally right now, based on new...Full Story
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