Didn't see an existing thread mentioning this new development from the other day, so decided to create this new one: was j/c, what are your thoughts (if any) on the Fed's recent 0.25% APR increase for all variable-rate credit cards? Plus the fact the Fed is said to be planning up to 3 more rate hikes, in 2017?
Assuming all of the rate hikes are each 0.25%, 0.25 x 3 = 0.75%, by the end of 2017. If some of the future rate hikes end up being higher than 0.25%, we could get up to a total 1% increase or more, for variable-rate cards.
I know that APR doesn't really concern some posters since they may always PIF and so APR doesn't affect them regardless, but I have always thought that a card's go-to interest rate was a strong indicator of how highly a bank values you as a potential customer -- the lower the rate, the more valuable of a customer you are to them? And so I guess a related question would be, even if you PIF, would you still be happy with your card, if the interest rate was approaching say 30%+?
In any event, all but one of my 4 core go-to and everyday cards have fixed-rate APRs. Aside from the CUs that offer fixed-rate cards, do you think we might ever see a resurgence or a comeback of more bank-offered, fixed-APR cards, if rates were to go significantly higher by the end of 2017?
ETA: edits/adds
If you PIF, why would it matter what your APR is? While I can agree it might make sense to have one low APR card for emergencies (having actual savings way way better, but that's a separate discussion), actual benefits a card offers are much more important for people who PIF. Now if you regularly carry balances across many cards then APR would obviously be a major consideration but even then, low adjustable or promo APRs are so much more valuable. It's only if you plan to carry a very big balance for a very long time where a fixed APR would be a valuable benefit.
I know that one of my cards offers a 10.25% APR (also happens to be my favorite rewards card but that's unusual). Other than that, I have exactly zero idea what APR is on any of my other cards. APR increase is just such a non-issue for CCs.
Now, if you're talking about mortgage rates (much bigger amounts, much longer terms, leverage, etc.) then yes .25% could mean a lot and if they really do increase 3 times next year that could have a huge impact. For for CC users who PIF? Total non-issue.
IIRC, only 1-2 of my existing cards are still carrying a non-promo, longer-term balance. Everything else is currently under a 0% promo that will be PIF by the promo exp. date, or is already PIF. The one I can think of off the top of my head that is carrying a go-to APR balance of less than $1k is my FNBO Amex card, with a present APR of 6.75% V (6.50% V prior to the recent rate hike). Despite the fact that nearly almost all of my cards are PIF atm, I still care about the go-to interest rate IME, which is why with some of my latest card collection additions, I have acquired cards with low, fixed APRs. I know that cc issuers can RJ a fixed interest rate or change it to a variable rate, but again that's kinda also why I have 3 low-APR, fixed-rate cards now: RJ or switch to variable 1-2 of them, I still have a third left over. They could even remove the fixed rate on or make variable all 3, and I would still have the low, variable-rate FNBO card that is going to most likely take years to go above 10%, allowing me plenty of time to search for another fixed-rate card in the process 
The balances I carry are either on 0% BT where I've paid a fee for the time period, or on two remaining Forever rate low APR cards.
It will be interesting how this affects my SPG, where AMEX just started another Holiday Rate. I'll be carrying a couple thousand on that for a few months, starting rate is 6.99% but I expect that to inch up on the next statement.
As as long as Discover and PenFed Promise continue to offer their no-BT Fee 4.99% rates, that's an easy outlet to pay down a larger balance from a rewards card that likely will be seeing rate increases (and are already too high to consider triggering interest even today).
