Best Credit Cards for You!

The Federal Reserve announced Wednesday it would leave interest rates at rock bottom for at least another three years. But it also made history when it disclosed for the first time policymakers’ forecasts of what interest rates may be down the line. 

The Fed’s announcement that it would leave the federal funds rate alone until at least late 2014 means that credit card holders won’t have to worry about a sudden rate hike any time soon. Most credit cards are variable rate cards, meaning they are tied to the prime rate, which is typically 3 percentage points above the federal funds rate. When the federal funds rate is raised, the annual percentage rates (APRs) of variable rate cards immediately go up as well. Beginning Wednesday, cardholders will also be able to see, for the first time in history, when individual members of the Federal Open Market Committee (FOMC) expect the federal funds rate to go up — or down.

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Tags: Interest Rates, Least, Leave Interest, Leave Interest Rates

Did you damage your credit rating this holiday season? If so, then it’s time to get it back on track. Millions of Americans are suffering from reduced credit scores due to overspending and a penchant for holiday credit cards. Although it might be tempting to let that balance linger for a month or two while you pay it off, a low credit score can affect the interest rates on any loans you apply for, and it can even hurt your ability to get financing for a car or home.

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Tags: Credit, Credit Easy

Thinking ahead is what makes Portsmouth, VA depositors smart savers. Today a PFD Firefighters’ Credit Union, Inc. savings account can provide a 0.50% APY interest rate and amplify your savings potential. The more you deposit into your account, the harder this savings account rate works in your favor–learn how to send your finances on a winning path.

Savings Account Rate Terms and Conditions

To open a savings account with this financial institution, depositors must meet eligibility requirements and be within the field of membership. Once that factor is established, the minimum daily balance that must be maintained to earn the savings account rate is $25.

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Tags: Apy, Credit Union, Firefighters’ Credit, Firefighters’ Credit Union

CreditCards.com’s Weekly Rate Report

  Avg. APR Last week 6 months ago National average 15.22% 14.98% 14.83% Low interest 11.17% 10.62% 10.73% Balance transfer 13.08% 12.77% 12.76% Business 13.13% 13.13% 13.07% Student 13.77% 13.77% 13.77% Airline  14.54% 14.44% 14.24% Cash back  14.86% 14.61% 13.87% Reward 14.86% 14.69% 14.40% Instant approval 15.49% 15.99% 15.99% Bad credit 24.96% 24.96% 24.96% Methodology: The national average credit card APR is comprised of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category listed above. (Introductory, or teaser, rates are not included in the calculation.) Source: CreditCards.com Updated: Dec.

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Tags: Interest, Rate Report, Weekly Rate, Weekly Rate Report

Even if you do not have great credit, you can still apply for credit cards. There are credit cards for every different types of credit. If you are considered to have a fair credit score, you will still be able to take advantage of the many different credit cards that are available to you. Capital One No Hassle CashSM is one of the best credit cards that you can have for fair credit. You will still be able to get cool bonuses, such as 2% back on gas and groceries, and many more.

Another credit card that you can consider having for fair credit is, Citi Forward Students credit card. One of the best offers that come with this credit card is the fact that you will receive 0% apr on the first 7 months that you have your account open. Students can use this card to cover many expenses that relate to school. Another credit card for fair credit, is the Discover student card.

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Tags: Credit, Credit Card, Fair Credit