Quote Originally Posted by osnap
So you signed up for a credit card, without looking into the interest rate? ...and you blame THEM? Not their fault you're a sucker. Read the fine print next time.
Not likely, they probably started him out around 16%, and have a clause in the TOS that allows them to adjust the interest rate at will without notification. Most credit card companies do, even if they -say- they won't adjust it, they -can- if they want to.