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  1. #1
    Registered User Enthusiast
    Posts
    62

    Has your card raised its interest rate?

    How many of you are seeing credit card interest rate hikes since the Fed raised rates last week? I have not gotten any notices yet. But I suspect they will be arriving shortly.


  2. Has your card raised its interest rate?
  3. #2
    Registered User Enthusiast
    Posts
    52
    Not yet. But it is only a matter of time.

  4. #3
    Registered User Semi Pro Member
    Posts
    282
    I have received no notices yet. But I did see online advertising for a card I have that showed interest rates for new cardmembers were up 25 basis points. So I suspect those notices are in the mail.

  5. #4
    I think y'all are right. It is only a matter of time. In fact, my guess is they are in the mail already.

    A little Christmas present from the Fed.
    Need a Card to Build/Rebuild Your Credit With? Read This >> Best Credit Cards For Building Your Credit

  6. #5
    Registered User Junior Member
    Posts
    36
    Yes.

    Merry Xmas from the Fed.

  7. #6
    Registered User New Member
    Posts
    17
    Is another hike on its way?

  8. #7
    Registered User New Member
    Posts
    12
    Some credit cards use the nefarious two-cycle daily balance, which keeps you paying interest on half of what you’ve paid off for a full month after you make your payment.

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