Silly article when CC co's last year raised the majority of card holders rates to 29.99% unless they chose to "cancel" that card, locking in the previous rate. Much of the hikes were done even to those with no "cause." Meaning, a missed / late payment, recent foreclosure, etc.

I also called and asked my CC companies why they were continuing to raise my rates..late payment that year = rate hike of 10%.