[ConservativeInPA]

US households’ credit card debt surpassed the $1 trillion mark for the first time ever.

I texted both my daughters after reading about that earlier in the day. They say they payoff their credit cards monthly. I hope that’s the case. I don’t pay mine off monthly. I just use a debit card for everything. There’s a lot of people that are having their credit card interest rates jacked. You don’t want that happening with a big balance.

[IYAS9YAS]

There’s a lot of people that are having their credit card interest rates jacked. You don’t want that happening with a big balance.

Generally, they can't Jack the rates on existing balances, only future purchases. At least that was the way it was with all the cards I had in the past where, due to stupidity, I carried balances.