Lightening the Load on Your Credit Cards Ahead of More Rate Hikes

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Lightening the Load on Your Credit Cards Ahead of More Rate Hikes

Apr, 13th 2017

For credit card holders, interest rate hikes are never good news. Unfortunately, that’s what’s looming on the horizon.

As widely expected, It’s been widely reported that the Federal Reserve raised its benchmark interest rate ion Wednessday, the first of an expected three rate increases in 2017.

Higher interest rates from the Fed ultimately translate into higher interest on your credit card debt and more money out of your pocket.

But that doesn’t have to be the case. Financial advisers suggest a variety of preemptive measures to avoid being impacted by the rising rates, or to at least soften the blow.

We’d all pay off our credit card balances now if we could, right? If you don’t have the cash to clear your cards of debt before rate hikes set in,...

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