Easy credit cards

American Express has announced that the credit card APY for One from American Express(R) has been lowered from 5.00% to 4.50%.

The Federal Reserve decreased interest rates by 25 basis points, making the Prime Rate 7.50% (based on The Wall Street Journal 11/1/07 issue). The new Prime Rate has now been implemented on the American Express credit cards offers.

This entry was posted on Tuesday, December 4th, 2007 at 3:38 pm and is filed under Easy credit cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.