Bank of America raised their rates on everybody a few months ago to over 25%. I called and complained. We've always been on time, never late, good credit, etc. Anyway, they lowered ours down to 14%. Needless to say, we're not using it.

Also, JC Penney did the same thing last month. They raised it to something like 27%. Same thing again, never late, good credit. Except for this one, it said 'you cannot refuse this change.' PLUS they changed the grace period. Now instead of 31 days, it's something like 23 days. So your have to pay your bill earlier. Ours used to be the 12th of each month. Now it's the 6th.

We've totally stopped using credit cards. Seems like there should be something Congress can do about these rates.

And then they wonder why people can't pay their bills?????

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