My feathers are a little ruffled right now.
I called Credit Card #2 at the end of May and they were pleased to lower my interest rate from 16.49% to 13.99% by giving me a different “preferred” card.
That was great news! I knew I was going to be paying off the card soon but getting the rate lowered by calling them finally worked.
My statement last month proudly showed the 13.99%.
And here’s what gets me a little upset, my statement from this month – 14.29%.
What? I don’t get it? Is my interest rate inching up after one month at 13.99% because I am paying my card??
I don’t understand. If I don’t pay – they raise my rate. If I do pay on time and more than the minimum – my rate is raised. It makes me wonder what I needed to do to keep the 13.99% rate? Only pay the minimum?
As soon as I muster up the courage they are getting a telephone call. I just can’t believe they did that!