My husband, who has never defaulted on a payment (I pay the bills...lol), recently received a letter from his
credit card company that the rate will jump from 11.9% (it used to be only 6.9%) will go to 17.9%. Not a lot of incentive there to carry a balance, is there?
I have a credit card with the same company and expect my rate to take a similar hike, in spite of the fact that I've never been late with a payment, either (I pay the bills......lol).