I am writing this just out of frustration. I've had a GM Credit card for about five years and have never missed a payment. I had a very low 5.9% interest rate and found out that it had gone up to 13.99% on my last statement. I called GM Credit to ask why it had gone up and they said I had opted into their program whereby they raise my interest rate 8 points. I called (begged really) that they let me opt out of this but they would not let me with the "sorry we cannot help you". I honestly do not remember opting in for any rate hike. Its no wonder credit card companies have such a bad name. I really thought GM was different but they turn out to be just as slimy as the rest. As you can imagine, I am very down on GM. I hope no one out there does business with them.
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