How Much Interest Can a Credit Card Company Charge?

Answer Credit card interest is a major cause of stress for virtually everybody who carries a balance on their credit cards. With banks seemingly able to increase interest rates at will, it's important to ... Read More »

Top Q&A For: How Much Interest Can a Credit Card Company Charge

How to Negotiate an Interest Charge With Credit Card Companies?

Lowering the interest rate on your credit cards can be as easy as making a phone call to your credit card company. Credit card companies want to keep their customers, but unless the customers ask, ... Read More »

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 »

Can a credit card company increase the interest rate?

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 »

Is it illegal for a company to charge a percentage to run a credit card?

It is not illegal for businesses to charge an extra fee for running your credit card, since they have to pay a fee each time you use a credit card to make a purchase. Some businesses may simply req... Read More »