Page 7 - Rate Card News Today : Breaking News, Live Updates & Top Stories | Vimarsana

increase of 19% over the end of last year. now, with the fed s ninth interest rate hike in a row, to 5% inflation remains too high and the labor market remains to be very tight. reporter: many americans will see an almost immediate increase to their credit cards interest rate. when the fed raises interest rates, it really kicks in quickly. and that interest rate hike applies to currently held balances, as well as future balances. reporter: your card s rate is not totally tied to the fed s action. your credit score has a lot to do with it. here are tips that could bring some relief. if you have good credit, transfer balances to an introductory zero percentage rate card. a personal loan can also help. and finally, try picking up the phone and asking your card issuer for a lower rate. we found 70% of folks who in the past year got one.t rat -

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