America's reliance on credit cards is growing.  Fed rate hike will make things more painful |  CNN Business

America’s reliance on credit cards is growing. Fed rate hike will make things more painful | CNN Business

CNN — As prices continue to rise, Americans are increasingly reliant on credit cards to make purchases. And now, with the Federal Reserve’s latest three-quarter percentage point hike, many of them will be paying more for the debt they’ve accumulated. Interest rates on nearly all credit cards and home equity lines of credit will rise …

America’s reliance on credit cards is growing. Fed rate hike will make things more painful | CNN Business Read More »