Show me where to sign. You can't fool me. I'm going for a home equity line of credit. The bank has to give everyone with a variable rate an immediate break. The card companies will take their sweet time before cutting us in on the rate cut savings.
Some people have fixed-rate credit cards.
Competition will force the issuer to match the lower rates offered by variable cards. Rates on certificates of deposits have fallen badly recently, so the smart move is to buy the biggest and longest-term CD possible. At least you'll lock in today's rate before things get worse. I don't think so. The concept of ''buy low'' just isn't appealing.