Macy’s, other big retailers hike store-branded credit card rates as holidays ramp up
At least 50 major retailers have jacked up interest rates on store-branded credit cards to all-time highs — even as inflation continues to dog shoppers nationwide, according to an explosive new study.
Dozens of retailers jacked up interest rates on store cards ahead of Fed cuts
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 profits.
'Padding the profit margin': Why are interest rates still rising on store credit cards?
The Federal Reserve hasn’t raised interest rates since the summer of 2023. But America’s retailers apparently didn’t get the memo.
Macy's, T.J. Maxx, and dozens more hiked store credit card rates just before Fed cuts
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,
Retailers jack up APRs on store cards ahead of the holidays
Gabrielle Fonrouge, CNBC Business News retail reporter joins 'Fast Money' to talk store card APRs spiking ahead of the holidays.
These retailers have all increased the interest rates on their store cards
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and some retailers are making an unpopular move.
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