Advanta Bank Corp has been increasing my interest rate throughout 2008 until it is now 36.41%. I have excellent credit. I have made more than the minimum payment to Advanta on time each month. I have asked them for a review and have been told 'no, but you can call back for another review in 90 days'.
I believe Advanta is purposefully taking advantage of lax regulations on the credit card industry and using an offshore customer service call center to hide from legitimate questions about their business practices. This interest rate increase is now costing me so much it is putting my business in jeopardy.
Is anyone out there working on a class action law suit against Advanta Bank Corp? If so, sign me up.
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