From my understanding, because of the new credit card laws, First Premier will no longer be a high fee card. In order to meet the new regulations, they have lowered their fees...and raised their interest rate to 79.9%.
I'm not kidding.
So after reading that....it didn't say for existing customers in the article. Does that mean my card of 7 years, that I finally got up to a $750 CL will go up to 79.9% interest?
I don't know.
It depends upon whether or not the new credit card law covers existing fees. It likely does, but I'm not an expert. You'll have to call First Premier and ask them.