Are credit card rates going down?

In the past, whenever the Federal Reserve lowered its key rate, credit card companies followed up by lowering credit card interest rates.  However, such has not been the case during the recent Fed easing that began last summer.  Yesterday, the Fed lowered rates by 3/4%.  In the coming weeks, we will find out if credit card companies will be sharing the wealth with consumers.  Smart Credit Choices will actively post updates as soon as they become available.