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What factors determine the interest rate on a lower interest rate credit card?

Curious about Lower interest rate credit cards

What factors determine the interest rate on a lower interest rate credit card?

The interest rate on a lower interest rate credit card is typically determined by several factors, including the creditworthiness of the cardholder, the prime rate set by the Federal Reserve, and the overall state of the economy. Card issuers may also take into account the type of card, such as a rewards card or a balance transfer card, and any promotional offers or introductory rates available. The credit card company will consider all of these factors when setting the interest rate for the cardholder.

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