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24 May, 16:58

How does the prime rate affect an APR

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  1. N
    24 May, 18:19
    0
    The Federal Reserve increases the federal funds rate, which causes the prime rate to increase, which means your credit card APR increases. As the prime rate rises, it becomes even more important to look for a low APR credit card, such as Barclaycard Ring.

    try and put it in your own words
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