There are usually floors and ceilings with variable rate credit cards. (creditcardeducation.com)
And when the prime rate increases, the APRs on variable rate credit cards go up by the same amount, almost immediately. (creditcards.com)
«It is true that a lot of people with variable rate credit cards could get into trouble if rates adjust upward and they can not make substantial changes in other areas of their budget,» said McClary. (blog.massmutual.com)