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Financial Management Frugal families and money management discussion.

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Old 03-18-2009, 03:45 PM   #1 (permalink)
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Credit Card APR increase
Does anyone know why our credit card company would increase our APR from 8.99 - 14.99%?!!!??! We have ALWAYS paid on time, NEVER been over 50% of the credit limit and ALWAYS paid more than the min amount. We've had this card for a little over 2 years now!! I don't understand!
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Old 03-18-2009, 03:46 PM   #2 (permalink)
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Because they can is the short answer.

They know they'll get the money out of you BECAUSE you always pay on time.
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Old 03-18-2009, 03:47 PM   #3 (permalink)
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