Have you checked your credit card insert lately?  With the treasury notes interest rates hanging around 0% (or less), credit card companies are hiking their borrowing rates for their customers. American Express, has just raised their borrowing rates for their premium Plus cards to staggering 46%. 

Some groups called this Amex move “ridiculous” according to Daily Mail News article published today.

Other card issuers include Virgin Money American Express at 37 per cent and Citi MasterCard at 41 per cent.