Reported 1 day ago
If you are seeking a better interest rate on credit cards, consider smaller banks and credit unions, which typically offer lower rates compared to large banks. Research from the Consumer Financial Protection Bureau reveals that major issuers charge higher interest rates, often resulting in significantly higher costs for consumers. As half of American cardholders carry a balance month-to-month, switching to institutions with more favorable terms can save money in interest payments. While efforts are underway to improve competition in the credit card market, consumers are encouraged to directly check local banks and credit unions for better rates.
Source: YAHOO