I have closed many an account when I got that "we'd like to raise your interest rate to 127% effect, oh, yesterday" notice with my bill. I send a letter which states that I have gotten their change in terms and that I do not accept the new terms. This has always resulted in the card being closed by consumer request and the interest rate stays where it was per the original terms - usually that means they can only raise it on me if I'm late with payments or something.A thing to watch out for is using the card again after you've done this. I had an online vendor charge my MBNA card after I closed it, and they cheerfully put the charge through, upped the interest rate on the entire $5,000 balance to somewhere around 23% and then refused to reduce it again when I called and screamed bloody murder (the charge was unauthorized).Good luck, and may the farce be with you!Tamarian
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