As Thanksgiving approaches, I am reminded of how fortunate I am to live in this wonderful country. This is a great time to reflect on all of the good things in our life and to stop obsessing over the challenges that lie ahead.
Opting-Out of Credit Card Interest Rate Hikes
Citigroup Inc. and American Express are two of the largest credit-card issuers who recently announced they will hit millions of consumers with interest rate hikes just before the start of the holiday season. A two to three percentage point increase seems to be the target, but the severity of the rate hikes will likely fluctuate depending upon whether you carry a monthly balance.