If you haven't read about this, most of the credit cards companies and bank, and that also includes stores like Target and others, will go from very low interest rates on their credit cards and increase them almost triple fold into the 25% and higher range by at least the end of January. It doesn't matter that you always paid on time and paid so much extra than the minimum due and stayed to less than 25% of your credit line (like Suze Orman, the financial Queen told everyone). These companies/banks are facing new tighter rules from Congress that I believe go into effect in July. So before the rules go into effect, the companies/banks are getting in the last minute raises while they can. So doesn't matter if you've been a super good customer with credit. Congress should have implemented the rules immediately and not allowed them to more than triple their interest rates on credit cards to do this to consumers. So after the consumers have paid off their credit cards, then all these credit cards places hopefully will discover they have no credit card business and their banks will feel the effect of greed.