Now that the Fed has lowered the fed funds rate 50 basis points I’ve already noticed the impact on my personal finances. My ING Direct savings account has seen its interest rate drop from 4.5% to 4.3%, this should trickle down through the credit markets and allow for cheaper mortgages, auto loans and credit card as well. With the reduction of the prime rate to 7.75%, several credit cards are now sporting lower interest rates to those with excellent credit.
InstantCredit.cc allows you to search through different credit cards until you find the one right for you, all at no charge. Some credit card categories available include:
Business – Be sure to check out the American Express Gold Rewards Card for business, it is currently offering 25,000 bonus points redeemable for a FREE airline ticket after you make your first purchase. I just got my bonus points credited to my account last week and look forward to using them! Get approved for the card in as little as 60 seconds online!
[tags]credit cards, instant approval, shaun carter, instant credit, interest rate, federal reserve, loan, mortgage[/tags]
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