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<blockquote data-quote="VanC" data-source="post: 352055" data-attributes="member: 3355"><p>You've got to watch them closely. We have two credit cards and always pay them off each month, unless we have to charge something big and then it might take 2 or 3 to pay it off. Had one awhile back that was a so-called "fixed" rate. Sat down to pay it and noticed the rate had almost tripled overnight. When I called them they couldn't give a good reason and offered to lower it back down to the original rate. I cancelled it anyway and got another. I think they count on people not paying attention to the rates they're paying. Fortunately, there is more competition now and that helps keep things somewhat in check, but you've still got to keep an eye on them.</p></blockquote><p></p>
[QUOTE="VanC, post: 352055, member: 3355"] You've got to watch them closely. We have two credit cards and always pay them off each month, unless we have to charge something big and then it might take 2 or 3 to pay it off. Had one awhile back that was a so-called "fixed" rate. Sat down to pay it and noticed the rate had almost tripled overnight. When I called them they couldn't give a good reason and offered to lower it back down to the original rate. I cancelled it anyway and got another. I think they count on people not paying attention to the rates they're paying. Fortunately, there is more competition now and that helps keep things somewhat in check, but you've still got to keep an eye on them. [/QUOTE]
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