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Can a Credit Card company do this...

New Member

Can a Credit Card company do this...

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
Message 1 of 3
2 REPLIES
Moderator Emeritus

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

Yep
Message 2 of 3
Valued Member

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.
Message 3 of 3