Can Your Credit Card Company Raise Your APR Out of Nowhere?

When you get the notice that your credit card interest rate is increasing, it’s unsettling.

Your first reaction: “Why?”

There are many reasons that your credit card issuer is hiking the APR.

You may even wonder if they’re legally allowed to pull such as stunt on you because you understand that a higher APR is not helping your battle to pay down the account balance.

Read more at My Bank Tracker.