How quickly does Fed interest rate hike affect credit cards?

How quickly does Fed interest rate hike affect credit cards?

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.

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