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Mystiq01
Posts: 2
Registered: ‎05-18-2007
0

Can a Credit Card company do this...

[ Edited ]
Lets say you have a balance of $3K on credit card "A" and decide to do a balance transfer to credit card "B" because of a low fixed rate for the life of the transfer. 
 
Can credit card "A" increase your interest rate because they are not happy you did a balance transfer and brought the balance down to 0?


Message Edited by Mystiq01 on 08-03-2007 09:09 PM
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
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Re: Can a Credit Card company do this...

Yep
Valued Member
DiamondDave
Posts: 33
Registered: ‎04-23-2007
0

Re: Can a Credit Card company do this...

Yeppers.  They can raise your rates for any reason at all. I believe all they have to do is give a certian amount of notice.

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