WICHITA, Kan. (KSNW) — In the wake of The Federal Reserve once increasing interest rates, this time by another three-quarters of a percent, nearly everyone will feel that interest rate increase.

But while experts say that increase is pretty substantial, it will deal a blow to some loans much sooner than others.

“Variable is going to get hit first, and that happens to be on credit cards,” Michael Proctor, President, Leading Edge Financial Planning, LLC, said. “So, not only are you paying a higher interest rate, you’re paying the higher cost of living at the store, at the gas pump, pretty much everywhere right now.”

Proctor says while many providers will alert consumers of an interest-rate increase in the coming weeks, others won’t, and it’s not required of them to do so.

“A lot of times, it’s built into the terms when you sign up for it — it will be prime plus a certain amount, so you may want to bump up what your payment is,” Proctor said.

Proctor says while it may seem tempting for those with credit card debt to sign up for a 0% interest rate credit, that can create its own set of problems.