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What is a prime rate?

In Credit Cards - Interest Rates - Asked by Admin - 15 months ago

A prime rate is the rate banks provide to their most creditworthy borrowers, typically it is 3 points about the federally set rate.

Answered by Admin - 15 months ago


Tags: prime rate, credit card, credit cards, what is a prime rate?

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If you are looking at Credit Cards you may be concerned about interest rates. Many credit cards have high interest rates or variable interest rates. There are many aspects that affect credit cards interest rates. If you need answers about credit cards interest rates questions like, "what is a prime rate?" or help understanding credit card interest rates Zuuply.com can help you with all you need to know.



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