Re: Bank of America buys MBNA
I try to make it a habit to check my APR's on all statements. You'd be amazed how quickly the cc companies will change rates for no apparent reason.
This happened to me about 4 months ago and I called the cc company and was able to get my old APR rate back. My rate hike was the result of being switched from a "fixed" to a "variable" rate which also happens quite frequently.
For the most part, I've had good luck in re-negotiating my rates any time the cc company has bumped them up.
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