I hope they can't find out who I am from this blog, because AMEX is the worse. My Amex Blue credit card is the most unforgiving of all I have (and I have quite a few). The American Express Blue people raised my interest rate from 9% to 27% when my payment was one day late.
Both my husband and I have one of these American Express blue cards, and guess what? they're both at 27% now. Obviously, these are on the top of my list to pay off.
I recently got a Bank of American card and so far, so good. The other one that I havn't had a problem with is Capital One. They seem to always have balance transfers available with no transfer fee, not a zero rate, but a relatively low one. Ah, I could make a full-time career out of my credit card interest rates.
Please let me know about your experiences with your cards and interest rate hikes.
It's scary what I keep hearing about what the credit card companies are doing: raising rates and fees and cutting your credit lines. Has this happened to you?
