The Fed's cutting rates but credit card APRs aren't budging — this is why

Credit card APRs move up quickly when the Fed raises rates but drop more slowly when rates fall, which means cardholders ...

What the Fed Rate Cut Means for Credit Cards

The Federal Reserve has cut rates for the third and final time this year. At its Dec. 10 meeting, the Fed reduced rates by 0.25 of a percentage point, making the new federal funds rate 3.5% to 3.75%.