As the economy weakenss, some Wall Street analysts believe that big
banks want to make up their investment losses by raising rates to good credit card customers. Banks get to raise your interest rates, as well as the fees they charge for most services, because fine print clauses in your credit card contracts allow it. They don't even have to tell you why they did it.  Your credit score changes, they up your rate.  You use 50% of your credit limit, you are now risky, rate goes up. 

A bill proposed in Congress (HR 5244) would help rein in that practice and protect cardholders against arbitrary interest rate increases; hidden interest charges, due date traps and more.

Sign this petition if you support the Cardholders' Bill of Rights Act of 2008.

<===See Learn More for HR 5244 Bill Summary