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Abstract

A low interest credit card generally has a lower annual percentage rate (APR) than the national average for credit card interest; some credit cards even offer a lower “teaser” introductory rate to attract customers. Having said that, credit card rates are often tied to the prime rate, which is the lowest interest rate banks charge their best borrowers. The prime rate is based on the federal funds rate, which is influenced by the Federal Reserve's benchmark rate.

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WalletHub

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