Credit Card Glossary: Terms and Definitions
Retroactive interest rate hikes
Retroactive interest rate hikes once were routine in the credit card business. At any time, for any reason, card issuers could increase interest rates on existing balances. The practice was severely restricted by the Credit CARD Act of 2009. Cards covered by the act cannot have existing balances raised except under specified circumstances, such as a substantially late payment.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.