Quote Originally Posted by Psyrus View Post
I'm dumping my credit card shortly. They are increasing my rate from 9% to 17% for no other reason than because they can. I got into a long discussion with one of their supervisors. It seems they review accounts once a month to see who they can screw over next. I only caught it because I scrutinize my bills. Other people had their rates increased and probably didn't notice.

I switched to a Visa check/debit card and couldn't be happier.

Using a debit card, anything you charge on it will be withdrawn immediately from your bank account... So it's not much different than using a credit card and paying off the balance each month. And If you are paying off your credit card on every billing cycle, the interest rates don't mean anything, because you never have to pay any interest... So I don't see a valid reason for switching to using a debit card just because credit card interest rates are high.