Credit card companies can change variable APRs at any time, as they are determined by adding a fixed margin to a benchmark interest rate that can fluctuate based on market conditions. There is no set schedule or frequency for these changes, although they are typically more likely to occur in response to changes in the economy or market conditions. Read More: https://akhilamtech.blogspot.com/2023/04/how-often-do-credit-card-companies.html

If your credit card's variable APR increases, there are several steps you can take to minimize its impact. First, review the terms and conditions of your credit card to understand the reason behind the increase. Contact your credit card issuer to ask for an explanation and see if there are any options to reduce the rate or waive fees. Negotiate with the issuer if you have a good credit history and payment history. Read More: https://bestcreditguides.blogspot.com/2023/04/what-to-do-when-your-credit-cards.html

Your credit score has a significant impact on the variable APR you are offered on credit cards. Consumers with higher credit scores are considered less risky borrowers and are more likely to be offered lower APR rates. Those with excellent credit scores typically receive the lowest rates available, while those with poor credit scores may be offered higher rates or even denied a credit card. Read More: https://cardinsiderin.wordpress.com/2023/04/26/how-your-credit-score-affects-your-variable-apr-on-credit-cards/