How does the prime interest rate affect you?
What is the prime rate and how does it impact your card’s interest rate?
4 min read
May 08, 2025
Erin Lowry
Expert Reviewer, Personal Finance
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Meet our expertsAbout Erin
Erin Lowry is the author of the four-part Broke Millennial series, including: Broke Millennial, Broke Millennial Takes On Investing, Broke Millennial Talks Money and Broke Millennial Workbook: Take Control and Get Your Financial Life Together. Erin’s been featured in The New York Times, Wall Street Journal, and on GMA3, ABC News, CBS Sunday Morning, CNBC and The Rachael Ray Show. She has written for The New York Times, USA Today, and other major publications.
Erin's latest articles
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Pros and cons of student credit cards
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Tariff policies won’t have any direct effect on personal loan rates.
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