I just got a notice with my current statement that Sears/Citi is increasing my APR from 17% to 25.24%. A very nice representative has just informed me that they are doing that for all the accounts because of the change in lending practices. Don't we just love the current economy?
Btw, in May they increased my credit limit from 3000 to 3300. My credit scores are in excess of 750-760 (have not checked recently). My overall reported balance on all credit accounts 4-5% (PIF after reporting).
I cannot for the life of me figure out why Her Ladyship allowed herself to be suckered into app'ing for both the Sears store card and Sears MC in the store (on separate occassions) to get a lousy discount. What a waste. She could get anything and she ended up with this mess, I made her repeat five times out loud, "I will not app for a Target Card!"