Interest Hike

 NY Times: What Fed Rate Increases Mean for Mortgages, Credit Cards and More - Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt. By Tara Siegel Bernard

The average credit card rate was 19.4 percent as of Dec. 7, according to Bankrate.com, up from around 16 percent in March, when the Fed began its series of rate increases.