i wonder if my cc company can change interest rate on my credit card
Answered on Thursday, February 10th, 2011 by
Amy Miller

One reason your rate could change is that you have a variable APR on your credit card which goes up and down depending on the Prime Rate. The other reason is expiration of the introductory period with low or 0% APR, after which an ongoing APR (fixed or variable) is applied. You may also be charged a default or penalty rate if you go over your credit limit or have your APR increased for further transactions if you are 60 days late paying off your current credit card balance.

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I would use caution whenever you see a no-interest option on a credit card. This is very different from a 0% APR promotional period on a traditional credit card. When the promotional period ends on a traditional credit card you will begin being charged interest on whatever your balance is at that time. When a […]

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You can get a 0% intro APR credit card to finance high end items. Or you can choose to apply for the TronixCountry™ credit account which comes with 0% ongoing APR.

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