Everyone that has and uses credit cards had BETTER be paying close attention to thier credit card statements.

A month or so ago many of the bigger banks had been giving notice to card holders that rates on thier cards were going to increase.
It says you can call and reject the higher rate but if you do reject the rate it stays at what is current,but if you use the card after that it automaticly raises the rate on your balance.

OK that being said heres what happened to me.
I use two major credit cards to make purchases for monthly expenses to run my business.Most of the expense is to purchase material to complete jobs.
These two cards are paid in full when a job is complete which in some cases runs from a month to two or three.No problem.The rates 5.9% which im willing to pay for useing thier money which at times runs up to five to ten thousand.

Saturday I recieved a statement on one of the cards that is near ten thousand,and noticed the rate jumped to 21.99.YIKES.
I had no idea why because I never even noticed the warning on past statements about the change and must reject it,so I knew nothing about the why.
After spending about two hours on the phone with the bank,and they reviewing my history,they agreed to drop the rate back to 5.9 but told me if I used the card again until I hear from them the balance would increase back to 21.99.
I thanked the guy very much and then told him "Guess what i'm doing".
He said "what"?. I said " Cutting you card into itty bitty pieces" and hung up.

So keep a very close watch on your statements.