Got this offer in the mail in Nov from Juniper/Barclays Bank so my wife and I called. It had a low rate of 7.99% which was not introductory so we took it with a limit of $4500. At the end of 2008 they raised our rate to 14.99% (we make no late payments on any accounts we have) and then in 2009 they went up again to 21.99% and then again to our current 27.24%. We called and there answer to why was "the prime has gone up so we raised it". We are currently looking for a new credit card to transfer our balance of $4200 and close this one out. We always make more than the minimum payment each month but with being charged $100 interest monthly it will take years to pay this off and on top of that they will raise it again. I have suggested to my wife that this is like flushing our hard earned money down the toliet so lets not send them another dime, they will turn it over to collections and in 7 years it will be off our credit files. At our current rate of payment it will take 5 years ($9000) to pay this scam card off and I would rather have bad credit for 7 years than to give these crooks money they didn't earn.
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