or "prime," interest rates. For this reason, prime borrowers are likely to get approved for the best credit cards, but it may come at a higher interest rate than someone who has super-prime credit.

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

The target range for the federal funds rate was set to 4.25% to 4.50% during the FOMC meeting on Dec. 18, 2024. The FOMC cut its target range by 0.25% from the previous month. The prime rate is ...