Wells Fargo Bank
Visa Card Interest Rate Raised After Advice to Pay Off Other Cards

I was approved for a Visa card by Wells Fargo bank. The way I was explained was that the Visa card also could be used as a overdraft protection. Sounds great for someone like me who could use some help being more organized when it comes to finances, right? WRONG. I was encouraged by a Wells Fargo associate that I should take advantage of paying off high interest accounts using my Visa since the interest rate was so reasonable. So I did. Next thing I know, my interest rate went up so much. Their explanation was that" I have a high balance" no s... They had just told me to use the to pay off my other credit cards off using the Visa. Oh yes also I guess three years ago I was late paying my macy's account one time was another reason for Wells Fargo to raise my interest rate. Funny, Macy didn't. After they did all that, when I went to one of their branch, the teller tells me that my outstanding status with them makes me eligible for something special called PMA. Are you kidding me? You just jacked up my interest rate for not being your ideal customer. They just want to rip off people like me because people with lots of money are smart enough not to bank with someone like Wells Fargo.

Company: Wells Fargo Bank
Country: USA

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