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. The average interest rate on store credit cards reached 30.45% this year, an all-time high, according to the personal ...
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 loan rates. It’s not unheard
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,
US 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.
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