Comparing credit card offers since 2005 - it's fast and easy! Search, Compare and Apply for the best credit card deals now

Major Banks Raise Lending Rates

by Peter Andrew


To offer our weekly summary of credit card rates, Credit

Card Monitor, in your publication or on your Web site, please

contact syndicate@indexcreditcards[dot]com.



Banks Raise Lending Rates


the raise in federal lending rates announced on Tuesday, several

major banks raised their prime lending rates. Customers of these

banks who carry variable-rate credit cards soon can expect a

raise in their credit card interest rates.


of America, Citibank, HSBC and US Bancorp all announced quarter-point

raises to their prime lending rates, from 6.75% to 7.00%. Because

variable-rate credit cards increase or decrease based on banks'

prime lending rates, credit card customers of these banks can

expect a quarter-point increase in their rates within the next

couple of weeks.


Published 11/02/05 (Modified 01/21/13)

Share this article with:

0 Responses to "Major Banks Raise Lending Rates"

No Comments

Leave a Comment