Julee, I'm not sure what you mean by being gouged. I could be wrong, but I'm pretty sure when you sign up for a CC it says somewhere in the agreement that they can raise the rate if x,y,z happens. I haven't gotten a new CC in 15+ years though so perhaps I'm mistaken.
Ultimately, when you use a CC you are essentially borrowing money from the company under agreed upon terms. I think it is a matter of personal responsibility in most cases. I know this is a rather simplistic view and it may not be pleasant, but that's how I see it.
|