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You are here: Home / Buzz / Credit Card Rate Hikes

Buzz Mogul

Credit Card Rate Hikes

YIKES. As if things weren’t bad enough with the economy, you may be hit with HIGHER interest rates on your credit cards. I received a notice this week that the rate on one of my cards is being increased DRAMATICALLY. I don’t even carry a balance on the card (thank goodness), but according to ABC News, banks are trying to make up the estimated $50 billion they’re about to lose when new credit card rules take effect.

So, they’re targeting you and I to make up for these losses.According to ABC, one bank is  even CHARGING YOU EXTRA for getting a paper statement in the mail rather than an e-statement.

All of this makes me glad that I either pay cash for my purchases or pay my card in full each month.


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About Zipporah Sandler

Zipporah Sandler AKA Zippy is a lifestyle and travel specialist who after living everywhere from Providence to Paris found herself suddenly residing in South Florida (something she swore she’d never do).

Whether it be San Pellegrino water or Louis Roderer Cristal, Zippy suggests that you keep your life sparkling and your glass full.

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