It is better to contact your
credit card provider and solve your queries. Go for an alternative
payment plan if it is becoming difficult to repay the existing balance
on your credit card.
Have you failed to make
payments for the past 60 days? Or, have your credit score dropped
significantly? If so, then you can notice that the APR on your credit
card has gone up. In that case, the creditor is required to provide you
with a notice before increasing the APR. In the meantime, you can close
your credit card as the APR is increasing.
First, you can check your monthly statements to keep track of when your promotional period ends.
Secondly, if your card has a variable rate then your APR may increase if federal rates increase.
Sub: #1 posted on Wed, 02/24/2021 - 21:31
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Sub: #2 posted on Fri, 02/26/2021 - 01:11
Industry Expert
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Sub: #3 posted on Sun, 02/28/2021 - 20:37
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