Sentences with phrase «variable rate credit»

Though most U.S. variable rate credit cards are tied to the U.S. prime rate — which moves based on changes to the Federal Reserve's federal funds rate — the Cabela's card is tied to Libor.

While most U.S. variable rate credit cards are tied to the U.S. prime rate — which moves based on changes to the Federal Reserve's federal funds rate — Cabela's card is tied to Libor.

And when the prime rate increases, the APRs on variable rate credit cards go up by the same amount, almost immediately.

While most U.S. variable rate credit cards are tied to the U.S. prime rate — which moves based on changes to the Federal Reserve's federal funds rate — the Cabela's card is tied to Libor.

We recommend consolidating variable rate credit debt into a fixed rate home equity loan or mortgage.

A home equity loan is a 2nd mortgage that borrowers usually take out for the purposes of getting back cash or revising the interest rates on their variable rate credit cards.

If you have a variable rate credit line, we recommend a 2nd mortgage refinance because the rate is fixed and each payment you make would go towards principal and interest rather than just interest like it is with HELOCs.

Interest only 2nd credit line Variable Rate Credit Line Home Credit Line Adjustable Rate 2nd Mortgages Second Mortgage Lines Second Mortgage HELOC Convert Adjust 2nds to Fixed Michigan Home Equity Benefits of a Home Equity Line of Credit New Hampshire Home Equity Washington DC Home Equity Texas DC Home Equity Rates Home Equity Rates New York Delaware Home Equity Home Equity Credit Lines to Avoid Foreclosure Feds Drop Home Equity Rates

Refinance your variable rate credit line and lock into fixed rate payments for the life of the loan.

Credit card companies use it as an economic indicator for determining the interest rate on its variable rate credit cards.

«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.

There are usually floors and ceilings with variable rate credit cards.

This rate is less applicable in the United States as we use the prime rate for most variable rate credit cards.

A floor is the minimum APR that an issuer will charge for a variable rate credit card.

Not exact matches

Case in point: In mid-September, three weeks before Morneau tabled his rules, credit reporting agency TransUnion estimated that hundreds of thousands of Canadians carrying variable rate subprime mortgages could be significantly impacted by interest rate increases of even 25 basis points.

So, it would appear that if the Fed were to pursue a rule of a steady rate of growth in monetary variable, total thin - air credit would be superior to the M - 2 money supply.

Because most credit cards have a variable rate directly tied to the Fed's benchmark rate, that quarter - point increase will show up as soon as the next billing cycle, McBride said.

«The cumulative effect of interest rate hikes is going to begin mounting,» said Greg McBride, Bankrate.com's chief financial analyst, particularly on variable - rate loans such as credit cards, home equity lines of credit and adjustable - rate mortgages, which could rise within one to two statement cycles.

Before you sign up for any card, know the interest rates and whether they are fixed or variable, and understand the factors that can allow your credit card company to change it.

This will have an impact on anyone with a credit product — like a credit card or loan — with a variable interest rate.

Piggybacks are typically home equity lines of credit (HELOC), which are variable rate loans.

Most credit cards have variable interest rates, so when the Fed raises rates, your credit card issuer quickly follows suit.

For example, you may have been working at improving your credit score and now qualify for a new mortgage with a better discount, or you may want to stabilize your payments by changing from a variable rate mortgage to a fixed - rate.

However, there are other factors that affect interest rates on private loans, including whether you choose a fixed or variable rate and your credit history.

Fixed vs. Variable Regular APR — Fixed is preferred for most people carrying a balance on a credit card since this means your interest rate won't change, but variable rates can be beneficial too as long as you understand the range on which your interest rate cVariable Regular APR — Fixed is preferred for most people carrying a balance on a credit card since this means your interest rate won't change, but variable rates can be beneficial too as long as you understand the range on which your interest rate cvariable rates can be beneficial too as long as you understand the range on which your interest rate can vary.

Banks» prime rates are also tied to variable rates on products like credit cards, adjustable - rate mortgages, or variable - rate student loans.

The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term.

It's a challenge for Canadians still struggling to cope with the record amounts of consumer debt they amassed after the 2008 financial crisis because lenders use their prime rate as a benchmark for setting some other short - term rates including variable - rate mortgages and lines of credit.

He controls for multiple economic and financial variables likely to be related to stock market returns (gross domestic product, industrial production, unemployment rate, consumer price index, Federal Funds target rate, term spread, credit spread and dividend yield).

In response to this and other changes, most issuers decided to ditch fixed - rate cards and make their credit card interest rates variable.

For variable - and fixed - rate loans offered by private lenders, interest rates will typically depend on the length, or term of the loan, and the perceived credit risk of the borrower.

Credit card interest rates — particularly variable rates — generally rise and fall along with the prime interest rate.

Increases in the big bank prime rates push up the cost of variable - rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate.

Credit card interest rates are often variable and track the prime rate, which is tied to the federal funds rate.

Each uptick can directly and indirectly generate rate increases on consumer debt — especially in variable - rate products like credit cards, home equity lines of credit and private student loans.

Variable Rate Demand Note Inventory and Remarketing PNC has a portfolio which approaches $ 8 billion and includes issues enhanced by letters of credit from investment grade commercial banks and insurance companies with bank liquidity facilities.

Borrowers are offered lines of credit with variable repayment schedules and rates and debt consolidation options.

With a home equity line of credit, for example, it's a one - two punch: The variable rates are rising and the interest is no longer deductible.

As with other forms of debt, the margin and interest rate that a borrower receives on a variable rate loan are heavily dependent on credit score, lender and loan product.

So, market participants who buy and sell bonds at different prices are expressing different views about a number of variables: the likelihood that these cash flows will be received (credit quality); the velocity at which they may be received (prepayment or extension); their relative value to other bonds; and their interest rates relative to prevailing rates.

In contrast, a variable rate loan can help secure a lower rate for student borrowers with good credit, or for those seeking to refinance.

The variable interest rate and Annual Percentage Rate (APR) depend upon (a) the student's and cosigner's (if applicable) credit histories, (b) the repayment option and loan term selected, and (c) the requested loan amount and other information provided on the online loan applicatrate and Annual Percentage Rate (APR) depend upon (a) the student's and cosigner's (if applicable) credit histories, (b) the repayment option and loan term selected, and (c) the requested loan amount and other information provided on the online loan applicatRate (APR) depend upon (a) the student's and cosigner's (if applicable) credit histories, (b) the repayment option and loan term selected, and (c) the requested loan amount and other information provided on the online loan application.

For example, student loan candidates with good credit could potentially score a variable interest rate below 4.00 %.

Reflecting the rapid pace of credit growth and the increases in variable lending rates in mid 2002, households» gross interest payments are estimated to have increased strongly over the past year.

That means credit cards, home equity lines of credit (HELOCs), and other variable - rate products will get more expensive.

Canada's biggest banks are charging their preferred customers with sound credit quality 3.39 % for five - year fixed - rate mortgages, and 2.75 % for variable - rate mortgages this month, according to RateSpy.com.

Home equity lines of credit (ELOC) are variable rate loans and the interest rate is subject to increase after consummation of the loan.

When the Fed raises its target — tightening monetary policy — our variable - rate debts (i.e. credit cards) get more expensive, but we stand to earn more on our savings.

If you read the fine print of credit card offers, you'll notice that credit card companies say their interest rates are variable.

That means that if you have variable - rate credit card or private student loan debt, your rate just went up.