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Are Credit Card Companies Allowed to Raise Rates on a Fixed Rate Card? Episode | Credit Card Posts - Podcasts powered by Odiogo

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Are Credit Card Companies Allowed to Raise Rates on a Fixed Rate Card?


Are Credit Card Companies Allowed to Raise Rates on a Fixed Rate Card?

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DATE : Mon, 16 Jun 2008 16:29:09 +0000
Entered in Database : 2008-06-16 16:29:09
length : 636285
Link to the Show / Show Notes

With an open-end credit account (e.g., a credit card or line of credit), the term fixed means that the periodic rate is fixed for a period of time. The bank can change the account terms, including the periodic rate, at any time as long as it notifies you at least 15 days prior to the [...]Click here to play

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