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Credit Card APRs and the 10 year treasury constant maturity yield

Don’t forget Credit Card APRs have been inching up over the past couple years, as banks and lending institutions seek to squeeze every possible penny out of consumers. Credit card interest rates are painful for consumers and they will become less painful as the US enters a lower interest rate environment. APRs on Credit Cards don’t adjust or correlate as well as longer term interest rate investments because a revolving line of credit is suppose to be paid off within 6 to 12 months. However, there will be a few ticks down in APRs on Credit Cards as long as interest rates remain lower for longer.