Has your card raised its interest rate?

**lathinker** · 12-21-2016, 12:00 PM

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.

**jcredit** · 12-21-2016, 01:08 PM

Not yet. But it is only a matter of time.

**koulolo** · 12-22-2016, 09:02 AM

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.

**Frugal Mom** · 12-22-2016, 10:37 AM

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.

**ChiGuy** · 12-24-2016, 10:34 AM

Yes.

Merry Xmas from the Fed.

**Kennedy** · 03-08-2017, 08:05 PM

Is another hike on its way?

**ankitadixit** · 09-18-2017, 02:56 AM

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.

**eoin248** · 06-27-2020, 03:55 AM

Yes, this is absolutely interesting thought to be known

**eoin248** · 06-27-2020, 03:57 AM

Yes, this is absolutely interesting thought to be known about

Has your card raised its interest rate?

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