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The Fed held interest rates steady, but credit card APRs keep going up

Pelican Press

By Pelican Press,
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Emirmemedovski | E+ | Getty Images Even with the Federal Reserve on the sidelines, credit card rates are edging higher. In June, credit card interest rates rose for the third straight month, hitting the highest level since December, according to a recent report by LendingTree. Now, the average annual percentage rate is just over 20%, according to Bankrate. For new cards…

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