So when you get a credit card at 8.99% and run up a balance the banks wonât be able to jack your rate higher. But this wonât go into effect for another 18 months. 18 MONTHS WHAT THE FREAK IS THAT ABOUT? THATâS TOTAL BULL SHIT. DO IT NOW. We have given theses dead beat banks all our money and we are getting nothing. This is bull shit, damm fed.