I received a nondescript letter in the mail recently from J.Crew Credit Card (WFNNB) informing me that starting January 28th, the bank would be increasing the interest rate of the card from 20.99 24.99%. The only opt-out option given was closing the account by Jan 28th.This may not impact those JCAs who pay off their statements in full, but it is still something to consider.
Lastly, many JCAs have recently commented that the Rewards Card will be mailed in the next week or two. So keep an eye out to see if you get your Rewards Card in the mailbox.
Did you receive the letter from WFNNB? Were you aware of the interest rate increase?