USA Today September 18, 2026 • 09:05

What a Fed rate hike means for credit card debt, car loans and savers - USA Today

By Rachel Barber

What a Fed rate hike means for credit card debt, car loans and savers - USA Today

Borrowers can expect to see higher APRs on their credit cards at a time when more are relying on lent money to make ends meet.

Federal Reserve policymakers decision to raise the benchmark for short-term interest rates is about to impact Americans budgets.
The federal funds rate stands at a range of 3.75% to 4%, a quarter pe… [+8248 chars]

More from USA Today