whats FDR?
Date: Tue, 07/31/2007 - 06:14
what is FDR and what role it plays in credit card
I think you mean the Federal Reserve rate or prime rate. Credit
I think you mean the Federal Reserve rate or prime rate. Credit cards move with that rate but they tend to move slower than things like home mortgages. I think this is because there is a huge buffer in CC rates compared to mortgages. Right now I think Prime=5.25% Mortgages=6% and CC=17% roughly.
