Fixed rate cards

Discussion in 'Credit Talk' started by steve, May 28, 2002.

  1. steve

    steve Well-Known Member

    I was wondering if card issuers ever jack up the rate on fixed interest cards like Cap One Platinum, Bofa Platinum, or Amex Blue. Do they do it if your score goes down a lot due to increasing debt or a single late payment ? Fixed should mean "fixed" irrespective of score.
     
  2. GEORGE

    GEORGE Well-Known Member

    "FIXED" means with 30 days written notice they can RAISE it!!!
     
  3. ble103

    ble103 Well-Known Member

    Make that only 15 days notice is all they need to notify you under the law before they can raise your rates.
     
  4. GEORGE

    GEORGE Well-Known Member

    oops
     
  5. lbrown59

    lbrown59 Well-Known Member

    I was wondering if card issuers ever jack up the rate on fixed interest cards like Cap One Platinum, Bofa Platinum, or Amex Blue. Do they do it if your score goes down a lot due to increasing debt or a single late payment ? Fixed should mean "fixed" irrespective of score.

    steve =============There is no such thing as a fixed rate card!!!
     

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