Would lowering credit card interest rates stimulate the economy?

Dec 08

cloudCredit Card Interest , , , , 5 Comments

credit card interest

We hear about how lowering taxes (for rich/for poor ?) and lowering the rate the federal reserve charges banks for loans helps stimulate the economy.

Would some implementation at the federal level of lowering credit card interest rates be a more direct way to stimulate the economy?

As an active duty military can i get my credit card interest rates lowered while I’m home?

Dec 06

cloudCredit Card Interest , , , , 2 Comments

credit card interest

When I was deployed to Iraq my interest rate was 4%. Now that I am home my credit card interest rate got high. Now the soldiers and sailors act is only for debts acquired before the military. I got my credit card after I joined. Any suggestions on how to get it lowered.