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Interest Rate Hike Could Hit Credit-Card Debtors Hard

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Interest Rate Hike Could Hit Credit-Card Debtors Hard

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Interest Rate Hike Could Hit Credit-Card Debtors Hard

Interest Rate Hike Could Hit Credit-Card Debtors Hard

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  • <iframe src="https://www.npr.org/player/embed/1954305/1954306" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Consumers with outstanding credit-card debt will feel even more of a pinch if the Federal Reserve starts raising interest rates as expected. Banks normally hike credit-card rates as soon as the Fed tightens monetary policy. NPR's Elaine Korry reports.

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