Can credit card companies raise the interest rate?

Answer Credit card companies regularly raise interest rates, often as a penalty for missing payments. They might also raise them if you go over your credit limit or if you fall behind on payments for unre... Read More »

Top Q&A For: Can credit card companies raise the interest rate

Can credit card companies raise your interest rate without notification?

Although it has traditionally been possible for credit card companies to raise interest rates without notification, the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act, effect... 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 »

How to Request Companies to Lower Your Interest Rate on Credit Cards?

If you carry a balance on your credit card, even a small reduction to your interest rate could save you hundreds of dollars a year. Credit-card companies can reduce your interest rate, but most com... Read More »