News Credit card interest rates will jump as Fed tries to drive down inflation. What should you do? January 26, 2022January 26, 2022Susan Tompor, Detroit Free PressComments Off on Credit card interest rates will jump as Fed tries to drive down inflation. What should you do? As the Fed fights a spike in inflation, consumers will pay more to borrow on their credit cards in 2022. Here's a look at some strategies ahead.