“Not when all the issuers are doing blanket rate increases on all of their customers.”
That’s a flat out lie!
My Mastercard rate is the same (I really could care less if it was 200%/month) and my $30k limit hasn’t been changed a bit in fact they keep asking if I would like to increase the max.
If you think it's a lie, call one of the big credit card issuers (BofA, Citi, Discover, etc.) because that "lie" is exactly what my issuer (Discover) told me.
(As an aside, do you really think "lousy credit risks" would have single-digit purchase APRs?)