X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NAPLES, Fla. — A majority of participants in a self-described informal online survey conducted by CardTrak.com say they saw their credit card interest rates rise in 2008 and many others have reported a variety of other changes in their cards.CardTrak specializes in tracking broad based credit card and consumer debt trends.According to CardTrak, 53.5% of the roughly 1,000 cardholders who responded to the survey in December said their credit card interest rates had increased in 2008. Almost 37% said their credit limits had been reduced, 26.1% had seen some of their credit card fees raised, and 16% said their card issuers had added new fees to their cards.But the tightening of credit was not entirely uniform. Almost 30% of surveyed cardholders said they had seen their credit limits increased in 2008, and almost 13% said their interest rates lowered.Overall 23% reported they had little used credit accounts closed by theirissuers.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.