Hello,
I have a 24,000 balance with a major credit card. I have had excellent history with them for 10 years, never missing or being late on a payment. In September, I was 2 days late on my payment. My new statement shows that they raised my apr from 7.9% to 29.1% which has made my minimum payment now impossible to pay.
I called them and was basically told by the company manager that it sucks for me.
I have a 2nd credit card with no balance, it offers a so-so deal on balance transfers, 3% fee, 15.9 APR.