Can a credit card company increase the interest rate?

Answer Banks that issue credit cards can raise interest rates, but they must do so following strict laws. Under the changed laws of the Credit Card Accountability Responsibility and Disclosure (CARD) Act ... Read More »

Top Q&A For: Can a credit card company increase the interest...

Will a credit card company lower one's interest rate?

Credit card companies do lower interest rates, but usually only if you call in and ask for them to do so. This is especially true if you're a good customer, because the credit card company doesn't ... Read More »

How To Replace a High Interest Rate Credit Card With a Low Interest Rate Card?

Many consumers sign up for a specific credit card because they were offered an attractive introductory interest rate. The problem with introductory rates is that they eventually increase. Before yo... Read More »

Is credit card interest tied to the prime interest rate?

According to the Federal Reserve, some variable-rate credit cards base their interest rate on the prime interest rate. However, other rates can also be used, such as the Treasury bill rate.Source:F... Read More »

Can an interest rate on a credit card go down?

Your payment history and credit score determines your interest rate on credit card debt. Raise your credit score by consistently paying your bills on time. Once you've acquired a good credit rating... Read More »