I checked my credit card statement online today and discovered that my APR has increased from 11.7% to 14.7%. Now, I don’t think I’ve paid a finance charge in several years because I pay my balance off every month, but still the change disturbed me slightly.
I sent a note to customer service asking for an explanation of the increase, and I’ll follow up with their “reasoning” here. My guess is they’ll give me some junk about a “period review of credit” or “cost of doing business.” It doesn’t really matter much to me as I don’t pay the fee, but I’m still curious about what they have to say about it.
Published or updated November 8, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
Rank: Platinum
