Fellow Consumers, I wanted to warn as many people as possible about Advanta Bank Corp business credit card. I signed up for this card at 7.9% always made my payments on time never missed or been late I have good credit and pay all my financial obligations. Recently I was made aware my 7.9% interest rate was increased to 25% which is an enormous increase.
The company said a letter was sent as if this justifies this ridiculous increase to my interest rate after researching this on line I found out this Advanta Bank Corp has been doing this to many consumers no matter if your credit is good or even if you never missed a payment they are simply ripping off the consumers because they can it will most likely ruin some good consumers credits.
Please get the word out about this company stay far far away from Advanta Bank Corp if this also happened to you do all you can to report it and file as many complaints as possible this company is in Utah so file a complaint with the Utah BBB and the FDIC and any others. It's a darn shame this complaint can rip off the consumers this way and good consumers at that does not make sense.
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