Credit Card Rate Hikes: Tell Us What You Think

America's major banks have received billions in taxpayer funds and recently have announced that they've seen a profitable start to 2009. So then why are banks raising consumers' credit card rates? Bank of America announced this week that it was raising interest rates on credit card customers who carry a balance; other major banks have made similar rate hikes in recent months. One reason for the increases, some say, is that banks are trying to compensate for rising credit card defaults. How...Full Story
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