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So Long Fixed-Rate Credit Cards
February 26, 2010

Several credit card companies have recently raised their monthly minimum payment amount and don't be surprised if your fixed rate gets changed to a variable rate soon.

Credit card companies are planning ahead, taking advantage of rising interest rates and being locked into a fixed rate when the credit cardholders bill of rights goes into effect next year, according to KOMO News.  

You might not notice the effects of the switch right now, but it sure will hit you a couple years from now when the interest rates are at 5 or 6 percent.

The best thing to do is pay down your balance as much as you can ... starting now, according to KOMO.