Dozens of retailers jacked up interest rates on store cards

'Padding the profit margin': Why are interest rates still rising on store credit cards?
The Federal Reserve hasn’t raised interest rates since the summer of 2023. But America’s retailers apparently didn’t get the memo.
Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales.
Retailers jack up APRs on store cards ahead of the holidays
Gabrielle Fonrouge, CNBC Business News retail reporter joins 'Fast Money' to talk store card APRs spiking ahead of the holidays.
Macy's, T.J. Maxx, and dozens more hiked store credit card rates just before Fed cuts
To shore up their profit margins, at least 50 major U.S. retailers, including Macy’s and T.J. Maxx owner TJX (TJX), hiked interest rates on their store credit cards ahead of the Federal Reserve’s anticipated rate cuts,
U.S. retailers raised interest rates ahead of Fed cuts; new data reveals
Between September 2023 and September 2024, U.S. retailers began making big changes to their store-branded cards, raising interest rates to record highs before the Federal Reserve began cutting rates.
Macy’s, other big retailers hike store-branded credit card rates as holidays ramp up
At least 50 major retailers have jacked up interest rates on store-branded credit cards to all-time highs — even as inflation continues to dog shoppers nationwide, according to an explosive new study.
These retailers have all increased the interest rates on their store cards
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and some retailers are making an unpopular move.
The Motley Fool on MSN9h
Interest Rates Recently Did Something They Haven't Done Since March 2020, and It Could Trigger a Big Move in the Stock Market
Interest rates hit a two-decade high following the Federal Reserve's last hike in 2023. With inflation clearly trending ...
Inflation Won’t Hit the Fed’s Target in 2025. Interest Rates Will Drop Anyway.
Inflation—the Fed’s primary bugbear for most of the past four years—has come a long way. The year-over-year increase in the ...
If the Fed is cutting interest rates, why are mortgages and business loans costing more?
The central bank’s target rates and its much-publicized recent rate cuts don’t directly set long-term mortgage and business ...
What To Expect From The Fed On Interest Rates In 2025
Most expect the Federal Open Market Committee to cut interest rates in 2025. The question of how much will be informed by ...
Economy gets boost after election on hopes of lower interest rates and pro-business Trump presidency, survey finds
The numbers: The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by ...
Today’s 15-year mortgage interest rates drop to 6.13%, while 30-year terms fall to 6.88%
Thinking about taking out a mortgage loan? Current mortgage rates drop to 6.88% for 30-year terms, while 15-year terms fall ...
Today's Mortgage Rates | Rates Hold Steady as Markets Wait for More Data
These are today's mortgage and refinance rates. Strong economic data has kept mortgage rates elevated, and they might only ...
Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
Understanding Interest Rates: What Your Bank Wants You To Know
Over the last couple of years, interest rates have fluctuated quite a bit. After plummeting to record lows in 2020, they made ...
New York Republican proposes to slash student loan interest rates
N.Y., has introduced legislation that would slash student loan interest rates to one percent and permit federal borrowers to ...