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They are the only ones who I have seen raise APR so far with all my cards.
Wells Fargo raised rates 15 minutes after feds, JPM Chase followed within an hour.
Strange I work at credit union and since the rate hike there have been no plans to raise any of our rates. Maybe because were governed by the NCUA not the FDIC
@Anonymous wrote:Strange I work at credit union and since the rate hike there have been no plans to raise any of our rates. Maybe because were governed by the NCUA not the FDIC
My credit union card is a fixed rate. Will not fluctuate with the other rates. No news from Chase yet. Barclays statement cut for Aviator, still 19.99.
Just checked...Disney went up and AARP under promo right now, but I am sure that will be going up.
Do they send out letters? I would want to know if I was carrying a balance.
Here comes the fast ball from Chase and all other banks!
Time is money! Plus, this was expected to occur so there shouldn't be any surprises and if one is in PIF mode, then it really shouldn't matter other than knowing that the price one pays for the cost of credit just went up a bit.
@Anonymous wrote:Just checked...Disney went up and AARP under promo right now, but I am sure that will be going up.
Do they send out letters? I would want to know if I was carrying a balance.
It should be noted in your statement. Also, the CCA provides guidance on the APR so given the recent FOMC change with the rate, customers should be reviewing their statements.