Interest for savings aren't the only rates falling

Right before I left on my vacation, I called one of my credit cards to let them know I was traveling and while I was on the phone, see if they would lower my interest rate. They said they would and gave me a choice of a fixed rate of 12% or a variable rate of 11.24%. I chose the variable because it was lower. I knew it could go up, but I really didn't care because I pay my balance monthly.

Fast forward to my latest statement. I look at the interest and it says 10.74% I'm guessing this is because of the Fed's rate cut. Ain't that something?