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A couple years ago, Capital One Bank offered me 2.1% fixed on any balance transfers until it was paid off. I put the $16K balance of my work truck on it. It must of pissed them off, because recently I got a notice that my rates were increasing. I wrote them and said I didn't agree to their new terms and I would not be using their card ever again. If I do use their card, even by accident, I agree to their rate hike through default and my balances would be subject to their new rate.
So, even if CC companies threaten to raise rates on a fixed rate card, you do not have to yield to their terms. Just refuse in writing and tear up the card. If there are no new charges, the rate must stay as it was under their old terms. This may only apply to California and your states law may differ.
On variable rate cards, you're pretty much at their mercy.
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