The recent interest rate hike could cost credit card consumers around $1.3 billion in 2016, but Americans with excellent credit ratings could end up paying less.

Few people were shocked last month when the Federal Reserve ended an unprecedented era of near-zero interest rates. Now credit card issuers are following suit, according to the “2015 Credit Card Landscape Report,” released by credit research agency CardHub on Monday.

The average APR for new credit card offers increased by 22 basis points during the fourth quarter, mirroring the 25-point rise in the Federal Funds Rate, the report says.

CardHub estimates that the increase will lead to about $1.3 billion in additional consumer debt payments over the next year.

Simultaneously, as companies compete for trustworthy customers, year-over-year new account interest rates for customers with excellent credit fell by 23 basis points to 12.84 percent in the fourth quarter.

The study found that annual fees and foreign transaction fees fell at the end of 2015, while cash advance fees continued to rise. CardHub reports that cash advance fees have increased by 64 percent since 2012.

For its report, CardHub monitored data from over 1,000 credit card offers on a daily basis.