Variable APR Credit Cards... A ripoff? i can't quite read how they work. if they raise the apr

i can't quite read how they work. if they raise the apr depending on credit score that's not very impossible bussiness, but if they raise the apr on a monthly idea, or without any concrete idea, what can we get contained by return?

Answers:
Doesn't really matter. Fixed rate credit cards are really unsettled rate loans. If they tell you within a stuffer that your interest rate went up, you hold to take it or repeal the card.

In general, if you hold a stability on your credit card you are at the mercy of the credit card companies. They can jack up the rates for pretty much whatever source they want, hide the increase surrounded by fine print of a tiny stuffer of your bill, and your only recourse is to go against the card (and pay the symmetry somehow).

The only approach you 'win' with credit cards is by disappearing them for a temporarily cheaper one, or not carrying a balance at the completion of the month.

-->Adam

I could be mistaken, but I believe credit cards reserve the right to change their rates anytime they resembling, unless you've got one of those fixed rate cards, but even next, I'm sure they can change the rate if they needed too. So I guess the safest thing is to minimize or do away with any credit card debt, as much as possible, since we're the ones who suffer if the credit card company decides to transform their rates, and we still have a go together...

The conscientious credit card user does not care what the APR is. If you pay envelope your ballance in full respectively month you never pay interest. This should be your aspiration, and if you can't do this, stop using your credit cards until they are paid sour in full.