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credit card interest

where do i stand if credit card interest is increased. my interest rate more than doubled over night.

Comments

  • where do i stand if credit card interest is increased. my interest rate more than doubled over night.

    Sounds like its time for a new card, do you still have 0% balance transfers?
    |Credit Card Debt Free|I'll bring you flowers in the pouring rain|
    :money:
  • exel1966
    exel1966 Posts: 5,089 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    where do i stand if credit card interest is increased. my interest rate more than doubled over night.

    The interest can be increased to any amount at any time as it's a variable rate.
    Your choices are : repay and close the account, apply for another card and Balance Transfer to it or keep your current card and accept the new rate.
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