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Yes, a bank may change the interest rate on already-existing credit cards because of a change in your debt-to-income ratio. The bank must provide you with the required notice of the changes, according to the terms of your credit card agreement.
See Also
Will Interest Rates Go Down in April 2024? | Mortgage Rates ForecastMortgage Rates Expected to Dip Below 6 Percent in 2024, Boosting Home SalesAverage mortgage rate: Everything you need to knowMortgage Points: What Are They And How Do They Work? | BankrateLast Reviewed:April 2021
Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.
