Happy Wednesday.
I have been the recipient of three notices (in as many weeks) of an increase in interest rates on my credit cards. These are pretty substantial interest increases. With no adverse reporting to my credit (and credit reports), I am seeing increases from 8.9% and 9.9% to 17.9% and 24.9%!
Has anyone else experienced this? The first time it happened, after investigating, I paid off the balance and closed the account. The other two came with days of each other and I am at the point where I cannot close all my credit cards.
Is this an unexpected consequence of the financial markets? Anyone else experienced anything like this?
