The Federal Open Market Committee voted on Wednesday to keep the benchmark federal funds rate in a range of 4.25%-4.5%, and said it would begin slowing

Even though the central bank held rates steady at the last few meetings, average annual percentage rates have eased. The average credit card rate is down to 20.09%, from 20.27% at the start of the year, according to Bankrate. That is on the heels of the rate cuts that already went into effect.