Inflation should not be controlled by raising interest rates in order to slow the economy and wage growth. (jaredbernsteinblog.com)
They may not raise the interest rate on balances you have already accrued however, unless the card has been assigned as a variable rate interest rate from the beginning. (creditcarddebt.org)
As a result, credit card issuers will raise interest rates for cardholders over the coming weeks. (valuepenguin.com)