Paying off your credit card with your rebate check might be a good idea, since banks are raising interest rates...some by as much as 100 percent...even for those of you who pay your credit card on time.
Analysts say as banks lose money on mortgage loans, they try to raise their profits through credit card rate increases.
If you're looking for a good deal -- cardratings.com lists these two Arkansas banks as having the best credit card interest rates in the country.
Simmons First: 7.25%
Pulaski Bank: 6.5%
