Consumers Need to Exercise Caution as Credit Card Rates Climb

Many consumers are finding that even though they have had the same credit card for years, and have paid the balances off completely every month, their monthly statements are suddenly appearing with a surprise: An interest rate hike by as much as three percentage points. Some consumers are not worried about these interest rate hikes because they pay their credit cards off completely every month, but because this experience is not unusual by any means, some consumers are beginning to worry. Righ