"Variable Rate" Credit Cards:
Virtually all credit card companies can change their rates at any time for any reason.
But some companies change their rates every month!
Think about that:
- You pay your bills on time, but your rate goes up.
- Next month, they go up again. Sucker punch!
"Variable rate" credit cards are tricky because nothing is ever definite: everything is changing.
So, what do you do?
Try to avoid "variable rate" cards, that's what!