SAN FRANCISCO – A study conducted by San Francisco Consumer Action, a consumer activist group, has found that some of the most common bank card practices, most often associated with risk-based pricing, in fact penalize consumers, often for simple behavior associated with being consumers. The survey found that a third of banks surveyed which employ so called "universal default" rate hikes will raise cardholder rates for such reasons as the cardholder having "too much available credit", getting another credit card or even just having had a credit check run in advance of getting a car loan or mortgage. The survey looked at 146 credit cards from 47 banks between April 1 and June 1, 2005.
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