Credit Card Firms Bump Interest Rates

Item: Good credit no longer means good interest /Shawn Vestal, SR

More Info: Al Anderson had his credit card for a decade or more. He paid his bills on time. He rarely carried a balance. He thought he was a good customer. Then, a couple weeks ago, he got a notice from Capital One that his interest rate was rising from 9.9 percent to 17.9 percent. “To me, that’s a slap in the face,” said Anderson, a 69-year-old retiree who promptly canceled his card. “I would understand if my credit history was bad or I hadn’t made payments or gone over my balance, but I never have.”

Question: Has the interest rates on your credit cards gone up?