Paying on time and staying within your credit limit may not be enough to maintain your interest rate and staying in the good graces of you credit card companies.
At this point in time the aggrement you had can change at anytime for any reason. The economy,marketing conditions and business strategies as reasons a consumers rate might change.
Some lenders can reduce a credit card limits just because there is late payments,decline in credit score,and balances that are to close to the credit limit.
Your borrowing power is restricted by your credit card being lowered. For example if your have $1,000 credit line and you charge $ 400.00 if you creditors decide to lower your credit limits to 500.00 suddenly without spending another dime you have used 80% percent of your available credit.
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