More than 30% of consumers report credit card changes

Feb. 24, 2009 3:05 PM PT

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Nearly 34% of consumers said their credit card company had made changes to their card accounts, according to a survey from consumer education website Credit.com.

More than 1,000 people were interviewed in a telephone poll conducted from Friday through Sunday by GfK Custom Research North America.

Of those, 15% saw an increase in their interest rate, and 11% noticed an increased minimum payment requirement. Rewards programs were reduced for 8%, while 9% reported different due dates and 8% had their credit limits lowered.

In the end, 7% said their accounts are now closed. The answers total more than 34% because some respondents saw more than one change.

-- Tiffany Hsu

Money & Company

Tiffany Hsu

Tiffany Hsu is a former staff writer for the Los Angeles Times. Previously, she wrote about the California economy, fast food, restaurants, retail and alternative energy for the Business section. A Bay Area native, UC Berkeley graduate and eternal Nor-Cal fan, she once worked for the San Francisco Bay Guardian. She also did a stint at the Richmond Times-Dispatch, where she developed a passion for sweet tea. She still has faith that someday she’ll find two economists who agree.