said by Greg_Z:said by 57721182:Why not just pay all your credit card bills on time and in full?
That is why his rates jumped. The CC companies classify those that keep a zero balance "Deadbeats". Now, it is not just those that cannot pay off the balance, but those that keep no balance on their card high Interest Rates. Looks like lots more people are going to be cutting the card, and learning how to put money away for those items they want, and learn to live with a Debit Card.
I dunno about that. I use my credit card heavily but always pay it in full. Chase has never raised my APR (still 10%).
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