Jul 15
With your old friend, J. P. Morgan Chase: The new deal, effective in October, changes my interest rate from the 8.99 percent fixed rate to a prime plus 11.99 percent variable rate. The notice says that would set the rate at 15.24 percent at present — an increase of 60 percent overnight. The card in question has no revolving balance on it, so I’m not overly concerned. But the thing is, the bank just gave me a grand incentive to make sure no revolving balance accrues to the card. From a
