I've never been late on this credit card. Why are my rates going up?

It might be because credit card companies are watching you!

It is entirely possible to be "punished" by higher interest rates, fees, and terms on your Citibank Credit Card, for example, based on troubles you might be having with (for instance) your Sears card. This could happen even if you've kept all your payments up to date on the Citibank card.

That's because credit grantors periodically check the credit reports of existing account holders, and adjust terms accordingly.

You can get your own credit report to see how often creditors are checking up on you. Each time anyone looks at your credit report, it's known as an inquiry. You, as a consumer, can see who's inquired over the past several months.

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