I use to pay 19.9% with Nextcard. Now that Merrick Bank took over, the rates are outrageous!!! There are also added monthly and annual fees. I am not the only victim of this underhanded trade-off. There are many people who listed complaints on-line for the same thing. This has to be illegal to go from 19.9% with no added fees to 29.7% with phenominal fees practically overnight. The best yet is that I always paid my credit card on time and paid over the minimum.
As consumers we know that something is more likely to be done about this if more and more people complain. Please contact the San Francisco FDIC at 415-546-0160 to file your complaint.
Laurie
Brookhaven, New York
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