Reply #9: yep, just got the letter from BofA (Bunch of Assholes)

[ProgressiveFool]

Saying they were moving from my fixed 8.99 to prime + 9 %, which means it would go to about 13 % give or take a few 10ths. This was apparently across the board, and not triggered in any way by my own credit, which is excellent. So I called up Discover to see about transferring the balance, and "discovered" that they plan on doing this as well, only I hadn't gotten the letter yet. Same rate: prime + 9 %. Apparently Chase did this a month ago or so, and it appears that most credit card companies will soon be following suit.

Isn't this price fixing and collusion, which is illegal?

Much as I'd like to cancel all of my cards in disgust, I shudder to think what damage that would do to my credit rating, which I have tried very hard to keep as good as it is.