Has a credit card company hiked your % rate because you don't have a large balance?

Shades

New member
BTW, It is a CHASE card.
My husband got a letter stating that his % rate will be going up because he has little debt and because the account is not profitable (for them!). He has the option to opt out - which means they will close the account. I have heard of closing the account because you have too much debt but not because the company can not make $$ off of you.
 
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