Dozens of retailers, including Macy’s, Gap and TJ Maxx, increased APRs on their store credit cards before the Federal Reserve cut rates, padding their...

CNBC

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Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts

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Before swiping your credit card this holiday season, check if your interest rate has changed. Dozens of major U.S. retailers and their bank partners have raised rates on store-branded credit cards. According to a review of data gathered by Bankrate, at least 50 companies increased rates, including Big Lots, Gap, Petco, Burlington and Macy’s. Between September 2023 and September 2024, U.S. retailers significantly increased interest rates on store…

The Baltimore Sun

Alden Global Capital

Baltimore

Maryland

US retailers raised interest rates ahead of Fed cuts, new data reveals

Before swiping your credit card this holiday season, make sure your interest rate hasn't changed.

The National Desk

US retailers raised interest rates ahead of Fed cuts; new data reveals

To shore up their profit margins, at least 50 major U.S. retailers, including Macy’s and T.J. Maxx owner TJX (TJX), hiked interest rates on their store credit cards ahead of the Federal Reserve’s anticipated rate cuts, according to a Bankrate survey that analyzed data from 100 of the nation’s largest retailers.Read more...

Quartz

Macy's, T.J. Maxx, and dozens more hiked store credit card rates just before Fed cuts

Read Time:1 Minute, 11 Second                 Before swiping your credit card this holiday season, check if your interest rate has changed. Dozens of major U.S. retailers and their bank partners have raised rates on store-branded credit cards. According to a review of data gathered by Bankrate, at least 50 companies increased rates, including Big Lots, Gap, Petco, Burlington and Macy’s. Between September 2023 and September 2024, U.S. retailers s…

The Baltimore Post

In progress: Louisiana’s Coastal Protection and Restoration Authority is overseeing 109 projects across various stages of development, according to an end-of-year review presented earlier this week. There are 11 marsh creation projects currently under construction and 24 in the design phase. In addition, six shoreline protection projects are in construction. Read the full story from The Center Square.  Too steep?: As departments across East Bato…

Business Report

Roundup: CPRA / EBR budget cuts / Store-branded credit cards

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Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales. At least 50 companies — including Big Lots, Gap, Petco, Burlington, Macy’s and TJX Companies — increased the APRs on their credit ca…

Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts

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