 TITLE: What Is the Prime Rate? CONTENT: Why the Prime Rate Matters to You\n---------------------------------\nAny changes to the federal funds rate could impact your APR on credit cards and other variable interest rate debt. You could also receive a higher rate when you apply for a fixed-rate loan product, even if you have good or excellent credit.\nWhile you have no control over the prime rate, you can position yourself for the best rate on credit products by boosting your credit health. You can get your Experian credit report and FICO® Score☉ based on Experian data for free to know where you stand and identify areas of your credit profile that need improvement.\nIt's free to sign up and only takes a few minutes of your time. You will also get credit monitoring and alerts anytime activity takes place in your credit file. END