Credit card intrest rate increase?

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Credit card intrest rate increase?

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10-17-2007, 04:13 AM

Mountain man Mountain man is offline

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Join Date: Oct 2007

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Credit card intrest rate increase?

I recently got a letter from credit card company saying that my interest rate will raise from 7% to 22% in 2 months.I have never paid my bills late or maxed my limit.They say to keep the rate on 7% I will have to close my account with them, but I heared that hurts my credi score, is this true? should I close the account? smart people out there give me some advise.

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