This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.NEW YORK ( TheStreet) -- Independent financial research company Defaqto recently stated the average interest rate on credit cards has grown by 2.6% over the past five years, a jump of 15.8% to 18.4%, on average. Perhaps it is because of this sharp increase that credit lenders have increased the duration of their 0% introductory rate periods. During that same five-year period, the availability of credit cards offering a 0% APR has doubled. It is good news for those who can take advantage of such offerings with a healthy credit rating.
As Interest Rates Rise, 0% Financing Does Too
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