American Express raising buisiness card interest rates?

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Mogul of Pineapples
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American Express raising buisiness card interest rates?

Postby Mogul of Pineapples » Wed Jul 21, 2010 6:50 pm

There was a notice on my last statement that come October the APR on my Simply Cash card is going to 8.99 + prime. Before the recession I had 0 + prime which was the lowest bracket. That lowest bracket became 3.99 + prime a year ago across the board, but now they're making it 8.99 + prime? That's awfully high for the lowest tier but what can you do.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

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