[maine-iac7]

My card co, about 3 months ago,sent a notice that my rate was raised through the roof - at the same time, I was notified that “due to my stellar account” my limit was raised substantially =

I think they are raising rates through the roof on good accounts to beat the new bill limiting such rate raises = so, thanks a lot, government - all you did was hang us out to dry.

I called this week to see about lowering the rate, pointing out that they may have noticed I haven't been using the card since the hike - but they wouldn't budge. They cited the economy as to unstable - yada yada. This is unusual. Card outfits were always amenable to lowering rates with good customers = I have always paid well above minimum payment and always well before due date.

[John.Galt2012]

My card co, about 3 months ago,sent a notice that my rate was raised through the roof - at the same time, I was notified that “due to my stellar account” my limit was raised substantially

There's the dirty little secret we were discussing months ago when they "attacked credit card companies" on behalf of THE PEOPLE, was a farce. We all knew that the folks with poor credit would be cut off and the folks with good credit would initially get rate hikes and/or annual fees to make up for the loss in revenue and non-payment on the closed accounts.