Interest Rates on Credit Cards are Steadily Rising

Interest rates are up across the board
Although many interest rates were recently cut, credit cards lenders are set to increase theirs. Mortgages and savings rates have fallen dramatically due to government intervention; however, credit card rates have moved up. Even cards listed as “low-rate” are averaging 11.62%, balance-transfer cards [...]

Credit card companies gamble with the risk of bankrupcy (photo by Freerangestock.com)