InfiBank

Most issuers have raised credit rates or fees for certain borrowers. In the latest round, Bank of America and Chase have raised, or are raising, their maximum balance-transfer fees, from 3% to 4% and 5%, respectively. Chase is also expanding the definition of who could get hit with a penalty interest rate. Meanwhile, InfiBank is establishing a higher minimum APR — the greater of 15.99% or 11.99% plus the prime rate — on many cards. And Capital One and Citigroup continue to increasse card rates for certain borrowers.