Money Your credit card will cost you even more money if interest rates go up. Here’s what to do. January 26, 2022January 26, 2022 Susan Tompor, Detroit Free Press Comments Off on Your credit card will cost you even more money if interest rates go up. Here’s what to 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.