I am the owner of a small business that was carrying a business line of credit with Advanta Bank Corp. When I originally signed up for the card back in 2003 I had an interest rate of 7.99%. Advanta has maintained this rate throughout the years. Last month, however, my rate was increased to 35.08%. As I have a very high credit score and a stong credit profile, I felt this was totally unjustified.
Contacting Advanta's Customer Service did no good. They would not lower my rate.in the end, I did have my Advanta rates restored to the 7.99%. The only way to get this done is to contact the CEO or Bank President of Advanta directly. I will list their information below:
Dennis Alter, CEO: email - [email protected]; ph#- (215) 444-5103
John Moore, Bank President: email - [email protected]
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