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12-21-2016, 01:00 PM #1Registered User Enthusiast
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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.
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12-21-2016, 02:08 PM #2Registered User Enthusiast
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- 52
Not yet. But it is only a matter of time.
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12-22-2016, 10:02 AM #3Registered User Semi Pro Member
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- 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.
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12-22-2016, 11:37 AM #4Moderator
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- 995
I think y'all are right. It is only a matter of time. In fact, my guess is they are in the mail already.
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12-24-2016, 11:34 AM #5Registered User Junior Member
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- 36
Yes.
Merry Xmas from the Fed.
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03-08-2017, 09:05 PM #6Registered User New Member
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- 17
Is another hike on its way?
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09-18-2017, 03:56 AM #7Registered User New Member
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- 15
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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