How quickly does Fed interest rate hike affect credit cards?

Reporter: Aaron Crowe



Deadline: Mar 27, 2017 2:00 pm

When the Federal Reserve raises interest rates, how long does it take for it to trickle down to credit card holders? Should they see a notice from their credit card company about a variable rate increase? Is it the same thing when rates drop? Requirements: Looking for credit experts and consumers who are worried about Fed rate hikes affecting their credit and are paying off credit card debt faster.