kevbo thanks for your response, I’ve also been very pleased with my AT&T Card.
And like syz, I too have had my rates adjusted. Anytime your score changes some cards will adjust your rate. Bank of America changed the rate from 9 to 19.99 in one month.
Since your credit score is effected every time someone checks your credit. Like when your renting an apartment or buying a car, even when you apply for a job. The credit company can pretty much change your rate at any time.
Like syz I can cancel my card by paying it off and closing the account. Because of this I usually get my rate returned to what it was. My credit score was effected because I changed my car insurance company and changed jobs. Both involved a credit check.
My concern is those who are just as responsible as me but are not able to close the account and so the company wont lower the rate. Should I be entitled to a better rate just because I don’t need the money.
And should I stand by and allow card companies to trap those who they can into perpetual debt. just because they can