First, you should always call your credit card company when you see something on your statement that you don’t understand.  Being able to read the statement is an important part of responsible credit card use.  In your case several things are possible.  They may tell you that you missed a credit card payment or were late with a payment, in which case they have the right to raise your credit card interest rate.  Or, if rates are going up in the credit markets generally, credit card companies can even raise so called fixed rates simply by giving you fifteen days notice of their intent to do so.  Call them and find out why your credit card interest rate was raised.  If you have been making your payment on time and they are simply raising rates and gave you notice, it may be time to get a new credit card.  Search through the credit card online offers and fill out the credit card application that offers the best credit card rate.  Stop using the credit card services of the higher rate credit card and you will come out ahead.

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