My fixed rate of 12.99% is going up to a variable rate of prime (as of Feb 09) + 13.99% = ~17.99%??
I don't have a large balance on this card and I normally pay it off in full. I'm never late on this card either.
Sorry to hear it!
With Discover, after your account has been opened a year, they allow you to request a lower APR. Have you tried this?
I called Discover and they actually lowered my rate to 12.24% variable and they said my rate won't get jacked up in June. It will only move with the prime rate. Discover is no longer offering fixed rates at this time.
sorry to hear about the rate jacking
more and more ccc's are doing this to perfect customers who pay on time and have never been late...
glad to hear you got it lowered!