joining us is stacey tisdale. rates are still low and feds fund rate is below 1% and prime 3.75%. that's not necessarily reflective of what people see on credit card statements. >> you're not seeing anything like that, apr is at 15.42%. >> that seems like highway robbery. >> it's the highest rate since credit cards.com started tracking it in 2007. you have the federal funds rate which affects the prime rate and that's what credit card rates play off. >> 12-point spread. >> they put fees and just the cost of borrowing and everything else is in there but most of what we pay on credit cards is about our own risk. >> my credit score maybe what i can control versus this other rate i can't. how do you break that down. >> people want to look at how they pay their debt. they want to allocate for money to pay more than the minimum payment because once -- if you have that, when rates rise you might be able to absorb it by the extra amount you're saving. also, you want to do things like talk to creditors. if you talk to your creditor, this might be able to move your balance into some kind of

stacey tisdale, let's talk about, historically the rates are incredibly low, prime is, what did you say, 3 3/4%. >> yes. >> that's not necessarily reflective of what people see on their credit cards. >> you're not seeing anything like that when it comes to credit cards. the apr rate, annual percentage rate, on:00 on:0 credit cards i. >> that's incredibly hike. >> what that's composed of, you of the federal funds rate, that's the primary, 3 3/4. that's what credit card rates play off of. >> a 12-point spread. >> yes. they put their fees in, the cost of borrowing and everything else is in there. most of what we pay on credit cards is much more about our own risk. >> if my credit score is what i can control versus what i can't, how do you break that down? >> people want to take a look at how they pay their debt. they want to pay more than the minimum payment, because once -- if you have that, then when rates rise, you might even be able to absorb it by the extra amount that you're saving. also, you want to do things like talk to your creditor. if you talk to your creditor, they may be able