Help!! Credit Card interest just keeps increasing

[blackchubby]

Hi, can anybody help me. I have a credit card that I had for over 6 years and when I signed up interest rate was at less than 10% and after a while it jumped to 12.6% no big deal, since it's not a real big difference. Then just starting last year my credit card merged or bought by Bank of America and for the past 6 months the interest rate for my credit has jumped up every single billing. And now the interest rate is 19.8%. Is this legal? Is there anything I can do about this?

 

[eldad9]

You could get another card, and transfer the balance. If you pay your bill on time I'm sure every credit card company will be happy to get your business.

The current card's company may prefer to lower interest rather than lose you.